WP Carey Inc (WPC): * W. P. CAREY INC. ANNOUNCES PRICING OF $400 MILLION OF SENIOR UNSECURED NOTES. * WP Carey Inc (WPC) - PRICED $400 MILLION OF 4.650% SENIOR NOTES DUE 2030 Source text: Further company coverage:
The inability of Britain's government to make cuts to welfare spending this week underscores the extent of the challenges it faces in repairing its finances, credit rating agency S&P Global said on Friday.
MOODY'S: * MOODY'S ON AZERBAIJAN: UPGRADED FOREIGN CURRENCY BACKED SENIOR UNSECURED RATING OF SOUTHERN GAS CORRIDOR CJSC TO BAA3 FROM BA1. * MOODY'S ON AZERBAIJAN: OUTLOOK REFLECTS VIEW ONGOING REFORMS COULD FURTHER REDUCE ECONOMIC & FISCAL DEPENDENCE ON HYDROCARBON SECTOR.
The inability of Britain's government to make modest cuts to welfare spending this week underscores the underscores 'formidable' challenge it faces in repairing it finances, credit rating agency S&P Global said on Friday.
Alibaba Group Holding Ltd (BABA): * PRICING OF OFFERING OF HK$12.023 BILLION OF ZERO COUPON EXCHANGEABLE BONDS. * INITIAL EXCHANGE RATIO OF BONDS WILL BE 160,513.6 AH SHARES PER HK$1,000,000 PRINCIPAL AMOUNT OF BONDS Further company coverage:
Alibaba Group Holding Limited (BABA): * ALIBABA GROUP PRICES OFFERING OF HK$12.023 BILLION OF ZERO COUPON EXCHANGEABLE BONDS. * ALIBABA GROUP HOLDING LTD (BABA) - BONDS MATURE ON JULY 9, 2032. * ALIBABA GROUP HOLDING LTD (BABA) - BONDS EXPECTED TO LIST ON VIENNA MTF WITHIN 60 DAYS. * ALIBABA GROUP HOLDING LTD (BABA) - NET PROCEEDS ESTIMATED AT HK$11.9 BILLION Source text: Further company coverage:
-Ratings agency Moody's on Thursday raised Southern Water's outlook to stable from a review for downgrade, after the British water utility secured an equity lifeline from Australia's Macquarie and a credit refinancing to avert a debt crisis. Moody's also confirmed Southern Water's rating at 'Ba1'.
Alibaba Health Information Technology
Ltd (ALBHF): * ALIBABA GROUP ANNOUNCES PROPOSED OFFERING OF APPROXIMATELY HK$12 BILLION OF ZERO COUPON EXCHANGEABLE BONDS Source text: Further company coverage: ;))
Alibaba Group (BABA): * PROPOSED OFFERING OF APPROXIMATELY HK$12 BILLION OF ZERO COUPON EXCHANGEABLE BONDS. * TO USE PROCEEDS FROM BOND FOR GENERAL CORPORATE PURPOSES, INCLUDING INVESTMENTS IN CLOUD INFRASTRUCTURE AND INTERNATIONAL COMMERCE. * PROPOSED EXCHANGEABLE BOND OFFERING TO ORDINARY SHARES OF ALIBABA HEALTH INFORMATION TECHNOLOGY Further company coverage:
Performance Shipping Inc (PSHG): * Performance Shipping Inc (PSHG). ANNOUNCES SUCCESSFUL PLACEMENT OF $100 MILLION BOND OFFERING. * Performance Shipping Inc (PSHG) - NET PROCEEDS TO BE USED FOR TANKER ACQUISITIONS OR BOND REPURCHASES Source text: Further company coverage:
-Schroders upgraded its outlook for global corporate bonds to 'neutral' from 'negative' on Wednesday and maintained its positive view on global equities as it expects reduced risks of a U.S. recession.
Moody's downgraded long-term issuer and senior unsecured ratings of African trade and development lender Afreximbank on Tuesday, citing weaker-than-expected asset performance that has impacted the bank's capital. The ratings agency also revised its outlook on the bank to stable from negative.
B Riley Financial Inc (RILY): * B. RILEY FINANCIAL REDUCES DEBT BY APPROXIMATELY $15 MILLION VIA PRIVATE BOND EXCHANGE. * B Riley Financial Inc (RILY) - INVESTOR TO EXCHANGE $28 MILLION IN SENIOR NOTES FOR $13 MILLION IN NEW NOTES. * B Riley Financial Inc (RILY) - BRF REDUCES TOTAL OUTSTANDING DEBT BY ABOUT $108 MILLION IN THREE MONTHS Source text: Further company coverage: ;))
Global ratings agency Fitch on Monday revised its outlook on U.S. planemaker Boeing (BA) to 'stable' from 'negative' and affirmed its 'BBB-' rating, citing improved financial flexibility and production. The revision in outlook comes as a relief for Boeing (BA), which has resolved its labor dispute and is undergoing a broader transformation under current CEO Kelly Ortberg.
-Global ratings agency Fitch on Monday revised its outlook on U.S. planemaker Boeing to 'stable' from 'negative' and affirmed its 'BBB-' rating, citing improved financial flexibility and production. The revision in outlook comes as a relief for Boeing, which has resolved its labor dispute and is undergoing a broader transformation under current CEO Kelly Ortberg.
Fitch: * FITCH: BOEING OUTLOOK REVISION REFLECTS FITCH'S VIEW THAT POST-STRIKE PRODUCTION RAMP & ENHANCED FINANCIAL FLEXIBILITY HAVE REDUCED DOWNGRADE RISKS.
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI ANNOUNCES PRICING TERMS OF CASH TENDER OFFER FOR 3.375% SENIOR NOTES DUE 2026 AND 8.00% GREEN SENIOR UNSECURED NOTES DUE 2027 Source text: Further company coverage:
Higher defence spending will weaken European governments' credit profiles unless they are able to cut spending elsewhere or increase their revenues, ratings agency Scope said on Friday. NATO allies agreed on Wednesday to raise their collective spending goal to 5% of output over the next decade, citing the long-term threat posed by Russia and the need to strengthen civil and military resilience.
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI ANNOUNCES EARLY RESULTS AND UPSIZING OF CASH TENDER OFFER FOR 3.375% SENIOR NOTES DUE 2026 AND 8.00% GREEN SENIOR UNSECURED NOTES DUE 2027. * HA Sustainable Infrastructure
Capital Inc (HASI) - INCREASES MAXIMUM AGGREGATE PRINCIPAL AMOUNT TO $700 MILLION.
Honda Motor Co (HMC) is eyeing a three-year, five-year and 10-year senior unsecured dollar bond offering, according to a term sheet reviewed by Reuters on Wednesday.
The triple A ratings of Harvard and other U.S. Ivy League colleges should be able to withstand all but the most extreme and coordinated tax and endowment fund threats posed by Donald Trump's U.S. administration, S&P Global has said. Trump and Harvard have been battling over the president's allegations of on-campus anti-Semitism.
The triple A ratings of Harvard and other U.S. Ivy League colleges should be able to withstand all but the most extreme and coordinated tax and endowment fund threats posed by Donald Trump's U.S. administration, S&P Global has said. Trump and Harvard have been battling over the president's allegations of on-campus anti-Semitism.
Whitecap Resources Inc (SPGYF): * WHITECAP RESOURCES ANNOUNCES $300 MILLION OFFERING OF SENIOR NOTES. * Whitecap Resources Inc (SPGYF): PRICED AN OFFERING OF $300 MILLION PRINCIPAL AMOUNT OF 3.761% SENIOR UNSECURED NOTES DUE JUNE 19, 2028 Source text: Further company coverage:
ARC Resources Ltd (AETUF): * ARC Resources Ltd (AETUF). ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
Hungary's parliament passed Prime Minister Viktor Orban's 2026 election year budget on Tuesday, including steep tax cuts for families, a key demographic for Orban's right-wing Fidesz party, shrugging off concerns over continued weak economic prospects.
Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel's 'A'/Negative rating level. Fitch also said that it expects the risk premium in oil prices arising from the conflict to be contained within the $5-$10 range and that it does not expect the conflict to persist for more than a few weeks.
Eversource Energy (ES): * PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE FILES FOR OFFERING OF $300 MILLION 4.40% FIRST MORTGAGE BONDS, SERIES Y, DUE 2028 - SEC FILING Further company coverage:
Fitch: * FITCH: GHANA RATINGS UPGRADE REFLECTS ASSESSMENT THAT GHANA HAS NORMALISED RELATIONS WITH MAJORITY OF EXTERNAL COMMERCIAL CREDITORS. * FITCH: EXPECT GHANA WILL FULLY COMPLETE ITS EXTERNAL DEBT RESTRUCTURING BY END-2025. * FITCH: PROJECT BANK OF GHANA WILL START CUTTING ITS POLICY RATE IN JULY 2025.
Rithm Capital Corp (RITM): * Rithm Capital Corp (RITM). ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES. * Rithm Capital Corp (RITM) - TO OFFER $500 MILLION SENIOR UNSECURED NOTES DUE 2030. * Rithm Capital Corp (RITM) - PROCEEDS TO REDEEM 6.250% SENIOR UNSECURED NOTES DUE 2025 Source text: Further company coverage:
* S&P SAYS GERMANY 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P: TARIFFS COULD DISPROPORTIONALLY AFFECT GERMANY'S EXPORT-ORIENTED ECONOMY, FOR WHICH U.S. IS MAIN GOODS EXPORT MARKET.
* S&P ON SWEDEN: 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P : STABLE OUTLOOK REFLECTS SWEDEN'S AMPLE POLICY HEADROOM TO WEATHER IMPACT OF GLOBAL TRADE TENSIONS AND BROADER ECONOMIC UNCERTAINTY.
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI PRICES OFFERING OF $1 BILLION OF GREEN SENIOR UNSECURED NOTES. * HA Sustainable Infrastructure
Capital Inc (HASI) - NOTES SETTLEMENT EXPECTED ON JUNE 24, 2025 Source text: Further company coverage:
Phillips Edison & Co Inc (PECO): * PHILLIPS EDISON (PECO) & COMPANY ANNOUNCES PRICING OF OFFERING OF $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.250% SENIOR UNSECURED NOTES DUE 2032. * Phillips Edison & Co Inc (PECO) - PRICES $350 MILLION OF 5.250% SENIOR UNSECURED NOTES DUE 2032 Source text: Further company coverage:
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI ANNOUNCES CASH TENDER OFFER FOR UP TO $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.375% SENIOR NOTES DUE 2026 AND 8.00% GREEN SENIOR UNSECURED NOTES DUE 2027 Source text: Further company coverage:
* Will cover 6,000 infrastructure assets, CEO says. * To expand and cover 5,000 listed equities in 2026. By Simon Jessop. A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said.
Realty Income Corp (O): * REALTY INCOME PRICES ?1.3 BILLION DUAL-TRANCHE OFFERING OF EURO-DENOMINATED SENIOR UNSECURED NOTES Source text: Further company coverage: ;))
Credit ratings agency Fitch Ratings on Wednesday downgraded Warner Bros Discovery (WBD) to junk status following the company's announced split-up earlier this week, as investors weigh the deal's likely impact on holders of its debt.
Omega Healthcare Investors Inc (OHI) : * OMEGA ANNOUNCES PRICING OF ITS $600,000,000 SENIOR NOTES OFFERING. * Omega Healthcare Investors Inc (OHI) - PRICES AN UNDERWRITTEN PUBLIC OFFERING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.200% SENIOR NOTES DUE 2030 Source text: Further company coverage:
Uniti Group Inc (UNIT): * Uniti Group Inc (UNIT). ANNOUNCES PRICING OF SENIOR NOTES OFFERING. * Uniti Group Inc (UNIT) - PRICES $600 MILLION OF 8.625% SENIOR UNSECURED NOTES DUE 2032 Source text: Further company coverage:
ASX-listed James Hardie proposed on Tuesday a private offering of $1.7 billion senior notes, to be issued in one or more tranches, partly to fund the cash needs for its proposed acquisition of U.S. artificial decking maker AZEK (AZEK). The proceeds will be used to repay and terminate AZEK's (AZEK) existing credit facility, as well as cover transaction fees and related expenses.
Global ratings agency Moody's on Friday cut Nissan Motor Co Ltd's (NSANF) corporate family rating to Ba2 from Ba1, as the embattled Japanese automaker seeks to push through a turnaround. The outlook remains negative, Moody's said.
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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