Charter Communications Inc (CHTR): * CHARTER PRICES $1.1 BILLION SENIOR UNSECURED NOTES. * CHARTER COMMUNICATIONS (CHTR) - CCO HOLDINGS AND CCO HOLDINGS CAPITAL PRICED $1.1 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2031.
SCHAFFHAUSEN, Switzerland, Jan. 30, 2023 ?TE Connectivity Ltd. (TEL) today announced that its wholly-owned subsidiary, Tyco Electronics Group S.A., has priced an offering of $500 million aggregate principal amount of its 4.500% senior notes due 2026. June 21, 2021, which includes a prospectus, and a prospectus supplement dated January 30, 2023.
Metro Inc (MTRI): * Metro Inc (MTRI). PRICES AGGREGATE C$300 MILLION SENIOR UNSECURED NOTES OFFERING. * METRO - PRICING OF PRIVATE PLACEMENT OFFERING OF C$300 MILLION AGGREGATE PRINCIPAL AMOUNT OF 4.657% SERIES K SENIOR UNSECURED NOTES DUE FEBRUARY 7, 2033 Source text for Eikon: Further company coverage:
Constellation Brands, Inc. (STZ), a leading beverage alcohol company, announced today that it priced the public offering of $500.0 million aggregate principal amount of 5.000%?Senior Notes due 2026 for a public offering price of 99.829% of the principal amount of the notes. Closing of the offering is expected to occur on February?2, 2023.
GATX Corporation (GATX) announced today that Fitch Ratings, Inc. has assigned the Company a BBB+ Long-Term Issuer Default Rating with a stable outlook, a BBB+ senior unsecured debt rating, an F2 short-term IDR and an F2 commercial paper rating.
Russian e-commerce firm Ozon Holdings
PLC (OZON): * Agrees with holders of its unsecured convertible dollar bonds to extend redemption long stop date to March 15 from Jan. 31; * Says that following the company's application to the UK sanctions authority on Oct. 19, 2022, it awaits communication from the UK sanctions authority indicating that no license or authorization is required in connection with t...
Bed Bath & Beyond Inc (BBBY): * S&P SAYS Bed Bath & Beyond Inc (BBBY). DOWNGRADED TO 'D' FROM 'CC' ON EXPECTED GENERAL DEFAULT. * S&P SAYS BBBY LACKS THE RESOURCES NEEDED TO REPAY ITS FINANCIAL OBLIGATIONS AND WE EXPECT THE COMPANY WILL PURSUE A COMPREHENSIVE DEBT RESTRUCTURING.
BlackRock (BLK) announced today the planned termination of two 2023 iBonds ETFs, which possess the following timelines for trading, net-asset value circulation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs, across treasuries, municipal bonds and both investment-grade and high-yield corporate credit...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of St. Charles Insurance Company Risk Retention Group. The ratings reflect St. Charles? balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
Mexico's government will provide further support to state-run oil company Petroleos Mexicanos and has a plan to ensure that pending bond payments in 2023 are met, President Andres Manuel Lopez Obrador said on Friday.
Rising borrowing costs are giving a long-awaited lift to Europe's beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the European Central Bank moved towards tightening.
Oxurion Provides Further Details Concerning the Second Amendment to Negma Funding Program Leuven, BELGIUM, Boston, MA, US ? January 26, 2023 8:00 am CET ? Oxurion NV a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, has entered into an amendment of its mandatory convertible bonds issuance and ...
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb? of ACMAT Corporation [OTC Market: ACMT]. Concurrently, AM Best has affirmed the Financial Strength Rating of A and the Long-Term ICR of ?a? of ACMAT?s wholly owned subsidiary, ACSTAR Insurance Company.
- A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a 'Goldilocks' economic scenario of slowing inflation against a backdrop of moderate growth.Credit spreads for both investment-grade and high-yield bonds have been tightening in recent months, and more so this month, as lower inflation prints raised hopes of ...
- A New Year rally in U.S. corporate bonds has started to lose some momentum, as some investors become skeptical of recent optimism about a 'Goldilocks' economic scenario of slowing inflation against a backdrop of moderate growth.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Acuity, A Mutual Insurance Company. The Credit Ratings reflect Acuity?s balance sheet strength, which AM Best assesses at the strongest level, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
Proceeds from PNC's Green Bond issuances will be used to finance or re-finance Eligible Green Projects that promote a transition to a low-carbon economy and offer environmentally sustainable benefits. PITTSBURGH, Jan. 25, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (PNC) announced today the closing of its latest Green Bond issuance.
C-Bond Systems (CBNT), a nanotechnology solutions company, today announced that its Patriot Glass Solutions division was awarded a $137,000 security window film project by the San Antonio Independent School District.
Oxurion Announces Second Amendment to Negma Funding Program Leuven, BELGIUM, Boston, MA, US ? January 25, 2023 8:30 am ? Oxurion NV a biopharmaceutical company developing next generation standard of care ophthalmic therapies, with clinical stage assets in vascular retinal disorders, announced today that it has further amended its mandatory convertible bonds issuance and subscription agreement w...
Genesis Energy, L.P. (GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.625% senior unsecured notes due 2024 that we co-issued with our subsidiary, Genesis Energy Finance Corporation, expired at 5:00 p.m., New York City time, on January 24, 2023.
Borr Drilling Ltd (BORR): * BORR DRILLING LIMITED (BORR) - CONTEMPLATED UP TO USD 250 MILLION SENIOR UNSECURED CONVERTIBLE BOND ISSUE AND USD 150 MILLION SENIOR SECURED HIGH YIELD BOND ISSUE. * BORR DRILLING (BORR)- - PROCEEDS FROM CONVERTIBLE BONDS WILL BE USED TO REFINANCE OUTSTANDING USD 350 MILLION OF CONVERTIBLE BONDS DUE 23 MAY 2023.
Getty Realty Corp (GTY): * Getty Realty Corp (GTY). ANNOUNCES ISSUANCE OF $125 MILLION OF 3.65% SENIOR UNSECURED NOTES DUE JANUARY 2033. * Getty Realty Corp (GTY) - ISSUANCE OF $125 MILLION OF SENIOR UNSECURED NOTES PRICED AT A FIXED RATE OF 3.65% AND MATURING JANUARY 20, 2033 Source text for Eikon: Further company coverage:
Getty Realty Corp. (GTY) announced today the issuance of $125 million of senior unsecured notes priced at a fixed rate of 3.65% and maturing January 20, 2033 pursuant to note purchase and guarantee agreements entered into in February 2022 and previously announced.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Nippon Life Insurance Company. The ratings of Nissay reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia's war in Ukraine froze markets last year. According to Refinitiv data, those sales so far in January add to almost $2.2 billion worth of sales in December and $760 million in November.
* Sales of sub-investment grade bonds picking. * But remain far from January 2022 levels. * Firms either selling new bonds or seeking to extend maturities. By Chiara Elisei. Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and Russia's war in Ukraine froze markets last year.
Rayonier Advanced Materials Inc (RYAM) : * RYAM DECIDES NOT TO PURSUE AT THIS TIME ITS OPPORTUNISTIC PRIVATE OFFERING OF $325 MILLION OF SENIOR SECURED NOTES. * Rayonier Advanced Materials Inc (RYAM) - DOES NOT INTEND TO REDEEM ITS SENIOR UNSECURED NOTES DUE 2024 AT THIS TIME Source text for Eikon: Further company coverage:
Greenvolt Energias Renovaveis SA : * AGREES WITH KKR TO ISSUE 200 MILLION EUROS IN BONDS CONVERTIBLE INTO SHARES REPRESENTING ITS CAPITAL, WITH CONVERSION PRICE OF 10.00 EUROS. * BONDS WITH CONVERSION OPTION EXERCISABLE ON THIRD ANNIVERSARY OF ISSUE DATE. * AT DEFINED CONVERSION VALUE, GREENVOLT IS VALUED AT 1.39 BILLION EUROS.
Rating agencies Moody's and Fitch expect the U.S. Congress will likely reach an agreement on a new debt limit before the Treasury drains resources to stave off a debt default, but warned that an extended political gridlock could ultimately impact the United States' top credit rating.
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? for Rutgers Casualty Insurance Company and American European Insurance Company, which operate an intercompany reinsurance pooling agreement, and are collectively known as AEIG or the group.
Moody's lowered Fairview Health Services by one notch to Baa1 and assigned a negative outlook, but a pending merger and expected sale of some facilities could help its bottom line.
European Energy Exchange AG : * REG-EUROPEAN ENERGY A/S ANNOUNCES FINAL TENDER RESULTS FOR CERTAIN OUTSTANDING CALLABLE SUBORDINATED GREEN CAPITAL SECURITIES AND PRICING OF NEW EUR CAPITAL SECURITIES AND SENIOR BONDS. * HAS RECEIVED PRINCIPAL PRIORITY TENDERS IN A TOTAL NOMINAL AMOUNT OF EUR 92,550,000. * NEW EUR DENOMINATED SENIOR UNSECURED GREEN BONDS OF EUR 75,000,000 DUE 2026.
AM Best has downgraded the Financial Strength Rating to A from A+ and the Long-Term Issuer Credit Ratings to ?a+? from ?aa-? of Franklin Mutual Insurance Company, FMI Insurance Company and POM Insurance Company.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in an interview with CNBC on Thursday. "I actually think rates are probably going to go higher than 5% ... there's a lot of underlying inflation, which won't go away so quick," Dimon said.
Genesis Energy LP (GEL): * GENESIS ENERGY, L.P. UPSIZES AND PRICES PUBLIC OFFERING OF SENIOR NOTES. * Genesis Energy LP (GEL) - PRICED A PUBLIC OFFERING OF $500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 8.875% SENIOR UNSECURED NOTES DUE 2030. * Genesis Energy LP (GEL) - OFFERING OF NOTES IS EXPECTED TO SETTLE AND CLOSE ON JANUARY 25, 2023 Source text for Eikon: Further company coverage:
Genesis Energy, L.P. (GEL) today announced that it has priced a public offering of $500,000,000 in aggregate principal amount of 8.875% senior unsecured notes due 2030.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of California Earthquake Authority. The Credit Ratings reflect CEA?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
Genesis Energy LP (GEL): * GENESIS ENERGY, L.P. ANNOUNCES PUBLIC OFFERING OF SENIOR NOTES. * GENESIS ENERGY - COMMENCEMENT OF REGISTERED, UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2030.
Genesis Energy, L.P. (GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.625% senior unsecured notes due 2024 that we co-issued with our subsidiary, Genesis Energy Finance Corporation.
Genesis Energy, L.P. (GEL) today announced the commencement of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior unsecured notes due 2030. Wells Fargo Securities, LLC is leading the offering along with several joint book-running managers and co-managers.
China emerges as the largest issuing country globally; certification in the country jumped to 82% EMEA remains the largest issuing region Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology and market infrastructure, today released the company?s annual full-year Impact Bond Report, which shows impact bond issuance fell 13% in 2022 to US$771 billion after reaching an a...
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Post-Telecommunication Joint Stock Insurance Corporation.
PUNE, India, Jan. 18, 2023 ?According to a recent market study published by Growth Market Reports, titled, "Securities Lending Market" by Type (Equity Securities/Stocks, Debt Securities [Banknotes, Treasury Notes, and Bonds {Government Bonds, Corporate Bonds, and Municipal Bonds}], Derivatives Securities, and Hybrid Securities), Lender, End-user, and Regions: Size, Share, Trends and Opportunity...
Crestwood Midstream Partners LP, a wholly owned subsidiary of Crestwood Equity Partners LP (CEQP), announced today that it has priced $600 million in aggregate principal amount of 7.375% unsecured Senior Notes due 2031 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Fitch Ratings downgraded Americanas SA's long-term foreign currency and local currency ratings into junk territory on Tuesday following the announcement of an injunction protecting the Brazilian retailer from creditors. Americanas on Tuesday disclosed that it did not pay interest due on Monday of more than 2 billion reais in local bonds.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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