AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of PEMCO Mutual Insurance Company. The Credit Ratings reflect PEMCO?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
MicroAlgo Inc (VENAF) shares are trading higher by 13.2% to $12.15 during Tuesday?s session. What To Know: MicroAlgo (VENAF) on Monday announced plans to issue new shares to fulfill its $20 million convertible bond agreement, signed on October 7, 2024. Creditors have formally requested share issuance at $0.80 per share to settle the debt. Read Also: What?s Going On With Oklo Stock Today?
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the newly issued $1 billion, 6.35% subordinated notes, due March 15, 2055, issued by MetLife, Inc. [NYSE: MET]. The outlook assigned to this Credit Rating is stable. MetLife?s proforma adjusted financial leverage and the historical interest coverage are in line with its current ratings, and its holding company liquidity is strong.
GOEASY LTD (EHMEF): * GOEASY LTD (EHMEF). ANNOUNCES PROPOSED OFFERING OF US$400 MILLION OF SENIOR UNSECURED NOTES. * GOEASY LTD (EHMEF) - TO ENTER CURRENCY SWAP AGREEMENT FOR NOTES PROCEEDS Source text: Further company coverage:
Easterly Government Properties Inc (DEA) : * EASTERLY GOVERNMENT PROPERTIES ISSUES $125 MILLION IN SENIOR UNSECURED NOTES Source text: Further company coverage:
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for February 2025. North American corporate CUSIP requests totaled 8,103 in February, which is up 79.9% 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 36.4% versus January totals.
Easterly Government Properties, Inc. (DEA), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to U.S. Government agencies and its adjacent partners, announced today that it has entered into a master notes purchase agreement to issue $125 million of five and seven-year senior unsecured notes issued a...
MIAMI BEACH, Fla. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects.
Prospect Capital Corporation (PSEC) today announced the full and timely repayment of our convertible bond due March 2025, marking another milestone in Prospect?s long-standing track record of responsible and low debt leverage balance sheet management.
Qifu Technology, Inc. (QFIN), a leading AI-empowered Credit-Tech platform in China, today announced a proposed offering of convertible senior notes in an aggregate principal amount of US$600 million due 2030, subject to market conditions and other factors, only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The recent drop in U.S. yields has raised speculation that a wave of buying of Treasury securities and derivative products called interest rate swaps by mortgage portfolio managers and insurance companies was partly responsible for their decline. These purchases are for "convexity" buying that helps offset the effects of mortgage refinancing to take advantage of lower interest rates.
India's Toyota Financial Services plans to raise 5 billion
rupees ($58.4 million) through the sale of bonds maturing in two years and 11 months, three
bankers said on Tuesday.
The company ...
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, has agreed to sell $1,250,000,000 aggregate principal amount of its 5.125% Senior Notes due 2032, $1,000,000,000 aggregate principal amount of its 5.300% Senior Notes due 2035 and $1,250,000,000 aggregate principal amount of its 5.875% Senior Notes due 2055 in a registered public offering.
Fortis Inc (FTS): * Fortis Inc (FTS). ANNOUNCES PRICING OF SENIOR UNSECURED NOTES. * Fortis Inc (FTS) - PRICES $600 MILLION OFFERING OF 4.090% SENIOR UNSECURED NOTES DUE 2032. * Fortis Inc (FTS) - NET PROCEEDS TO REDUCE BORROWINGS AND FOR GENERAL CORPORATE PURPOSES Source text: Further company coverage:
Avolon Holdings Limited, a leading global aviation finance company, announces the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, for a principal aggregate amount of US$850 million of 5.375% senior unsecured notes due 2030. The Notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries.
MicroAlgo Inc (VENAF) shares are trading higher by 260% to $9.11 during Monday?s session after the company announced a?$20 million?offering. What To Know: MicroAlgo (VENAF) announced plans to issue new shares to settle a $20 million convertible bond agreement made on October 7, 2024. Creditors have requested the company to issue shares at $0.80 per share to repay the debt, in line with the agreement terms.
Aviation Capital Group LLC, a premier global full-service aircraft asset manager, announced today the closing of its sale of $800 million of senior unsecured notes, consisting of $500 million aggregate principal amount of 5.125% senior unsecured notes due 2030 and $300 million aggregate principal amount of 4.750% senior unsecured notes due 2027.
T-Mobile US, Inc. (TMUS) announced today that T-Mobile USA, Inc., its direct wholly-owned subsidiary, plans to offer, subject to market and other conditions, senior notes in a registered public offering. Barclays Capital Inc., Deutsche Bank Securities Inc., Morgan Stanley & Co. LLC and UBS Investment Bank are the joint book-running managers for the offering of the notes.
Fnac Darty SA: * FNAC DARTY S.A. ANNOUNCES OFFERING OF ?300 MILLION SENIOR NOTES DUE 2032. * PROCEEDS TO FUND OCEANE BONDS REPURCHASE, UNIEURO ACQUISITION. * HAS OBTAINED CONSENT OF ITS BANKS TO EXTEND MATURITY OF ITS REVOLVING CREDIT FACILITY AND ITS DELAYED-DRAW TERM LOAN TO MARCH 2030 Source text: Further company coverage:
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to IQUW Re Bermuda Limited. The ratings reflect IQUW?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. IQUW Re is the group?s Bermuda-domiciled reinsurer.
SHENZHEN, China, March 21, 2025 MicroAlgo Inc. (VENAF), today announced the plan to issue more new shares, considering that?MicroAlgo Inc. (VENAF) entered into a convertible bond purchase agreement with creditors on October 7, 2024, with a total amount of US$20 million. These bonds have a maturity period of 360 days.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$650 million aggregate principal amount of 5.037% Senior Notes due 2030 in a private offering that will not be registered under the Securities Act of 1933, as amended.
XPLR Infrastructure LP (XIFR): * XPLR INFRASTRUCTURE, LP ANNOUNCES THE PRICING OF $1,750 MILLION OF SENIOR UNSECURED NOTES, INCLUDING $825 MILLION OF 8.375% SENIOR UNSECURED NOTES DUE 2031 AND $925 MILLION OF 8.625% SENIOR UNSECURED NOTES DUE 2033 Source text: Further company coverage:
TORONTO, March 20, 2025 /PRNewswire/ - Russel Metals Inc. (RUSMF) announces that it has priced an offering of $300 million aggregate principal amount of 4.423% senior unsecured notes due 2030.
All amounts in US$ unless otherwise indicated. Capstone Copper Corp. (CSCCF) announces that it has successfully completed the pricing of its offering of $600 million aggregate principal amount of 6.750% senior notes due 2033. Interest on the Notes will accrue from the issue date at a rate of 6.750% per annum and will be payable semi-annually.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The ratings reflect PVI Insurance?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Pacific International Insurance Pty Limited. The ratings reflect Pacific?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Vietnam National Scale Rating of aaa.VN of Hanoi Reinsurance Joint-Stock Corporation.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions.
All amounts in US$ unless otherwise indicated. Capstone Copper Corp. (CSCCF) announces that it is launching an offering of $500 million aggregate principal amount of senior notes due 2033. The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company?s subsidiaries that guarantees its senior secured revolving credit facility.
Outstanding government and corporate bonds globally exceeded $100 trillion last year, the OECD said on Thursday, with rising interest costs leaving borrowers facing tough choices and needing to prioritise productive investments. Between 2021 and 2024, interest costs as a share of output rose from the lowest to the highest in the last 20 years.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Cadence Indemnity Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Cadence?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Middle East Insurance Company Plc. The ratings reflect MEICO?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
STORE Capital LLC, an internally managed net-lease real estate investment trust that invests in Single Tenant Operational Real Estate, announced today that it has priced a $350.0 million offering of 5.40% senior unsecured notes.
Transaction follows Investment Grade ratings assignment from both S&P and Moody?s PARIS, FRANCE, 19 March 2025 - Ipsen, a global specialty-care biopharmaceutical company, today announced the successful completion of its inaugural Rated Public Bond of ?500 million with a coupon of 3.875%, maturing in March 2032.
Insulet Corp (PODD): * INSULET ANNOUNCES PRICING OF SENIOR NOTES DUE 2033. * Insulet Corp (PODD) - PRICES $450 MILLION SENIOR UNSECURED NOTES DUE 2033 Source text: Further company coverage:
Insulet Corporation (PODD), the global leader in tubeless insulin pump technology with its Omnipod? brand of products, has priced a private placement of $450 million aggregate principal amount of senior unsecured notes due 2033.
Newrez LLC aka ?Newrez? a leading mortgage servicer and lender, is pleased to announce that it has obtained ratings and upgrades by Fitch Ratings? affirming the strength of its servicing division.
Hospital and health insurance operator UPMC's $735 million deal looks routine. But the volatile healthcare and insurance environments may disrupt that standard.
Insulet Corporation (PODD), the global leader in tubeless insulin pump technology with its Omnipod? brand of products, today announced its intention to offer, subject to market and other conditions, $450 million aggregate principal amount of senior unsecured notes due 2033 in a private placement.
Metaplanet (MTPLF) has raised 2 billion yen ($13.4 million) through zero-interest bonds, allocated to Evo Fund and backed by stock acquisition rights, to purchase more BTC.
U.S. digital infrastructure company Equinix (EQIX) said on Tuesday that it has issued S$500 million in green bonds in its inaugural offering in the Singaporean market. The Nasdaq-listed company said in a statement it intended to allocate an amount equal to the net proceeds from the green bonds to recently completed or future eligible green projects.
Hyatt Hotels Corporation (H), a leading global hospitality company, announced today the pricing of its public offering of $500,000,000 aggregate principal amount of senior notes due 2028, which will bear interest at a fixed annual rate of 5.050% and $500,000,000 aggregate principal amount of senior notes due 2032, which will bear interest at a fixed annual rate of 5.750%. The offering is expected t...
Alcoa Corporation (AA) announced today that Alumina Pty Ltd, a wholly-owned subsidiary of Alcoa (AA), closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032.
Alcoa Corporation (AA) announces the expiration and expiration date results of its previously announced offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 issued by Alcoa Nederland Holding B.V., fully guaranteed on an unsecured basis by Alcoa (AA) and certain of its subsidiaries, and the early results of its previously announced offer to purchase for cash outstandi...
Global ratings agency Moody's on Monday downgraded Volkswagen by one notch to Baa1 from A3, citing sector headwinds, structural challenges, ongoing need for investment and fierce competition in China.
Fitch Ratings has affirmed Poland's long-term foreign-currency issuer default rating at 'A-' with a stable outlook, the agency said late on Friday. The agency forecasts average inflation of 4.5% in 2025, and 3.7% in 2026, it said. Given the inflation outlook Fitch expects two 25 basis points interest rate cuts in the second half of 2025 and four 25 basis points cuts in 2026.
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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