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  1. Broadcom Issues $5B in Debt To Fund VMware Acquisition
    Benzinga | 07/09/24 11:18 AM EDT

    Broadcom Inc (AVGO) borrowed $5 billion in the U.S. investment-grade bond market on Monday to refinance some of the loans it secured for its $69 billion acquisition of VMware Inc. The software developer sold debt in three parts, Bloomberg cites a familiar source. After initial talks, the longest tranche yields 0.95 percentage points over Treasuries, approximately 1.25 percentage points above Treasuries.

  2. Hertz Shares Slip On Heels Of Debt Offering: What's Going On?
    Benzinga | 06/20/24 12:40 PM EDT

    Hertz Global Holdings, Inc. (HTZ) shares are trading lower on Thursday. The company?s shares dipped after it announced a debt offering worth $750 million. The debt offering aims to bolster its financial position and support future profitability. Check This Out: What?s Going On With Palantir Shares Today?

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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