CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for August 2024. North American corporate CUSIP requests totaled 7,602 in August, which is up 18.9% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? rose 20.8% versus July totals.
Morgan Stanley on Friday downgraded earnings estimates for computer chip equipment maker ASML, the latest brokerage to do so following weakness in the memory chip market and concerns over demand from Chinese chipmakers and Intel (INTC). MS followed UBS and Deutsche Bank in cutting estimates and reducing share price targets for ASML after the company's share price slid 30% in July and August.
MicroStrategy? Incorporated today announced that, on September 19, 2024, it completed its previously announced offering of 0.625% convertible senior notes due 2028. The notes are unsecured, senior obligations of MicroStrategy (MSTR), and bear interest at a rate of 0.625% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025.
Matador Resources Company (MTDR) today announced that, subject to market conditions, it intends to offer $750 million of senior unsecured notes due 2033 in a private placement to eligible purchasers.
AM Best has affirmed the Financial Strength Rating of B+, the Long-Term Issuer Credit Rating of ?bbb-? and the Mexico National Scale Rating of ?aa-.MX? of Qu?litas Compa??a de Seguros S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Sura Re Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Sura Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Compa??a Reaseguradora del Ecuador S.A.. The outlook of these Credit Ratings has been revised to stable from positive.
Murphy Oil Corporation (MUR) announced today that it has priced an offering of $600 million of 6.000% Senior Notes due 2032 pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Centrale de R?assurance. The ratings reflect CCR?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and revised the Long-Term ICR to stable from positive and affirmed the Financial Strength Rating of B++ of BTG Pactual Resseguradora S.A.. The outlook of the FSR is stable.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to BTG Pactual Seguros S.A.. The outlook assigned to these Credit Ratings is stable.
Asante Gold Corp (ASGOF): * ASANTE ANNOUNCES APPROVAL OF BASE SHELF PROSPECTUS FOR GHANAIAN BOND OFFERING UP TO US$400 MILLION. * Asante Gold Corp (ASGOF) - GHANA BOND OFFERING TO BE MADE IN GHANAIAN CEDIS, INDEXED TO USD/GHS Source text for Eikon: Further company coverage:
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed a private placement of $70 million of senior unsecured notes and $30 million of mandatory redeemable preferred shares. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
* FITCH: U.S. BANKS IMPROVE IRR MANAGEMENT; WELL-POSITIONED FOR ANTICIPATED RATE CUTS. * FITCH ON U.S. BANKS: SHORTER ASSET DURATIONS WILL LEAD TO FASTER REPRICING OF FIXED-RATE ASSETS, POTENTIALLY INCREASING NET INTEREST INCOME VOLATILITY.
Moody's: * MOODY'S RATINGS UPGRADES COSTA RICA'S RATINGS TO BA3, MAINTAINS POSITIVE OUTLOOK. * MOODY'S: UPGRADE DRIVEN BY ASSESSMENT OF COSTA RICA'S STRENGTHENED FISCAL PROFILE BENEFITTING FROM IMPROVEMENT IN DEBT AFFORDABILITY. * MOODY'S: COSTA RICA'S GOVERNMENT LIQUIDITY HAS MATERIALLY IMPROVED WITH TREASURY DEPOSITS REPORTING CONSISTENTLY HIGHER LEVELS THAN IN PAST.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bb? from ?bb+? and affirmed the Financial Strength Rating of B of Discovery Insurance Company. The Credit Ratings reflect Discovery?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
MicroStrategy? Incorporated today announced the pricing of its offering of $875 million aggregate principal amount of 0.625% convertible senior notes due 2028. The notes will be unsecured, senior obligations of MicroStrategy (MSTR), and will bear interest at a rate of 0.625% per annum, payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025.
Sonoco Products Company (SON), a global leader in high-value sustainable packaging, today announced that it has priced an offering of senior unsecured notes in a combined aggregate principal amount of $1.8 billion. Sonoco expects that the closing of the Offering will occur on September 19, 2024, subject to the satisfaction of customary closing conditions.
DUBLIN, Sept. 17, 2024 ?Perrigo Company plc (PRGO) today announced the closing of a?registered public offering by Perrigo Finance Unlimited Company, an indirect wholly-owned finance subsidiary of Perrigo (PRGO), of $715?million aggregate principal amount of the Issuer's 6.125% Senior Notes due 2032 and ?350 million aggregate principal amount of the Issuer's 5.375% Senior Notes due 2032.
HOUSTON, Sept. 17, 2024 Service Corporation International (SCI) announced today that it has successfully completed its previously announced public offering of $800 million aggregate principal amount of 5.750% Senior Notes due 2032. The Company will use the net proceeds from the offering to repay the outstanding loans under its revolving credit facility and pay related fees, interest and expenses.
Upstart Holdings, Inc. (UPST) today announced the pricing of $375,000,000 aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Upstart.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES UPSIZING AND PRICING OF $1.5 BILLION OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - PRICES $1.5 BILLION OF 5.625% SENIOR UNSECURED NOTES DUE 2031 Source text for Eikon: Further company coverage:
MIAMI, Sept. 16, 2024 Royal Caribbean Cruises Ltd. (RCL) today announced that it has priced its private offering of $1.5 billion aggregate principal amount of 5.625% senior unsecured notes due 2031.
BURLINGTON, N.C., Sept. 16, 2024 Labcorp Holdings Inc. (LH) announced today that its wholly owned subsidiary, Laboratory Corporation of America Holdings, has priced its offering of $2,000,000,000 in senior notes.
MicroStrategy? Incorporated today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of convertible senior notes due 2028 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended.
NewtekOne, Inc. (NEWT) announced today that it has closed a registered public offering of $75.0 million aggregate principal amount of its 8.625% Fixed Rate Senior Notes due 2029. The Notes are expected to be listed on the Nasdaq Global Market? under the trading symbol ?NEWTH,? within thirty days.
Fitch: * FITCH UPGRADES TUNISIA TO 'CCC+' * FITCH ON TUNISIA: UPGRADE REFLECTS INCREASED CONFIDENCE IN GOVERNMENT'S ABILITY TO MEET ITS LARGE FISCAL FINANCING NEEDS. * FITCH ON TUNISIA: PERSISTENT EXTERNAL SUPPORT, FALLING EXTERNAL AMORTISATIONS, SHOULD ALLOW TUNISIA TO BALANCE ITS NET EXTERNAL FINANCING BY 2026. * FITCH: BELIEVE DOMESTIC BANKING SECTOR COULD HELP MEET TUNISIA'S FINANCING NEEDS.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES TO REFINANCE EXISTING INDEBTEDNESS. * Royal Caribbean Cruises Ltd (RCL) - COMMENCES PRIVATE OFFERING OF $1 BILLION SENIOR UNSECURED NOTES DUE 2031. * Royal Caribbean Cruises Ltd (RCL) - PROCEEDS TO REPAY SILVER DAWN FINANCE LEASE OBLIGATIONS.
MIAMI, Sept. 16, 2024 ?Royal Caribbean Cruises Ltd. today announced that it has commenced a private offering of $1.0 billion aggregate principal amount of senior unsecured notes due 2031.
Upstart Holdings, Inc. (UPST) today announced its intention to offer, subject to market conditions and other factors, $300,000,000 aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.
* MOODY'S RATINGS CHANGES GREECE'S OUTLOOK TO POSITIVE FROM STABLE, AFFIRMS BA1 RATINGS. * MOODY'S ON GREECE:OUTLOOK CHANGE TO POSITIVE REFLECTS AN INCREASED LIKELIHOOD OF SUSTAINED STRENGTHENING IN BANKING SECTOR HEALTH. * MOODY'S ON GREECE SAYS SEE UPSIDE RISKS TO FISCAL PERFORMANCE Source text for Eikon: Further company coverage: [ ]
* S&P SAYS TOGO OUTLOOK REVISED TO POSITIVE ON PROSPECT OF IMPROVED BUDGETARY AND EXTERNAL POSITIONS; 'B/B' RATINGS AFFIRMED. * S&P: OUTLOOK REVISION REFLECTS OUR VIEW THAT TOGO'S ECONOMIC GROWTH WILL REMAIN RESILIENT Source text for Eikon: Further company coverage: [ ]
* S&P SAYS SAUDI ARABIA OUTLOOK REVISED TO POSITIVE ON SUSTAINED REFORM MOMENTUM; 'A/A-1' RATINGS AFFIRMED. * S&P: POSITIVE OUTLOOK REFLECTS POTENTIAL THAT SAUDI ARABIA GOVERNMENT'S WIDE-RANGING REFORMS & INVESTMENTS TO UNDERPIN DEVELOPMENT OF NON-OIL ECONOMY.
While supply falls next week as investors await their first Fed rate cut in four years, it should pick up after the FOMC, Barclays PLC said, adding the 30-day visible pipeline "is at relatively manageable levels at the moment." Bond Buyer 30-day visible supply is at $10.09 billion.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (KMPR) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group.
Millicom subsidiary Telef?nica Celular del Paraguay S.A.E. announces its intent to partially redeem Senior Notes due 2027 Luxembourg, September 13, 2024 ? Millicom?s subsidiary Telef?nica Celular del Paraguay S.A.E today announces its intent to redeem $150,000,000 aggregate principal amount of its 5.875% Senior Unsecured Notes due 2027 on September 23, 2024.
Moody's: * MOODY'S RATINGS PLACES BOEING'S RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON BOEING: A PROLONGED STRIKE WOULD FRACTURE RECOVERY OF THE COMMERCIAL AIRPLANES BUSINESS, WHICH REMAINS IN ITS EARLY STAGES. * MOODY'S ON BOEING: BELIEVE PRODUCTION OF 737 MAX NARROWBODY INCREASED TO NEAR 30 PER MONTH FOR JULY & AUGUST.
- Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
Fitch and Moody's on Friday joined S&P Global Ratings in warning that a prolonged strike at Boeing's (BA) factories in U.S. West Coast may lead to a ratings downgrade, a headache for the planemaker that is saddled with massive debt. "If the current strike lasts a week or two, it is unlikely to pressure the rating.
* FITCH RATINGS: PROLONGED BOEING STRIKE COULD POSE DOWNGRADE RISK. * FITCH ON BOEING SAYS EXTENDED STRIKE COULD HAVE MEANINGFUL OPERATIONAL & FINANCIAL IMPACT, INCREASING RISK OF DOWNGRADE. * FITCH ON BOEING: BOEING MANAGEMENT WOULD LIKELY NEED TO ACCESS NEW LIQUIDITY SOURCES IN AN EXTENDED STRIKE SCENARIO TO ADHERE TO ITS CASH TARGETS.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of Stellar National Life Insurance Company. The ratings reflect Stellar?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+? from ?a-? of Texas Farm Bureau Casualty Insurance Company and its affiliates, Farm Bureau County Mutual Insurance Company of Texas, Texas Farm Bureau Mutual Insurance Company and Texas Farm Bureau Underwriters.
STOCKHOLM, Sept. 13, 2024 Sinch AB, which is pioneering the way the world communicates through its Customer Communications Cloud, has as of 12 September successfully issued senior unsecured bonds of SEK 500 million within the framework of the company's MTN program.
Moody?s has upgraded its long-term deposit ratings to investment grade Baa3 from Ba1 with a stable outlook for Kaspi Bank, a core part of Kaspi.kz?s Fintech Platform. According to Moody?s: The improving operating environment in Kazakhstan led Moody?s on 9 September 2024 to upgrade its Kazakhstan government rating to Baa1 from Baa2, with a stable outlook.
HOUSTON, Sept. 12, 2024 Service Corporation International (SCI) announces that it has priced an underwritten public offering of $800 million aggregate principal amount of 5.75% Senior Notes due 2032. The Company will use net proceeds from the offering to repay the outstanding loans under its revolving credit facility and pay related fees, interest and expenses.
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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