AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of RF&G Insurance Company Limited . The outlook of these Credit Ratings is stable. The ratings reflect RF&G?s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to the recently issued $600 million 0.750% senior unsecured notes due 2025 and the $600 million 1.450% senior unsecured notes due 2030 of The Allstate Corporation. Following the debt issuance, AM Best expects Allstate?s financial leverage and interest coverage metrics to remain within the guidelines for its current ratings.
DENVER, Nov. 23, 2020 ?Lumen Technologies*? announced that it has agreed to sell $1 billion aggregate principal amount of its unsecured 4.500% Senior Notes due 2029 pursuant to the private offering announced earlier today. The 2029 Notes were priced to investors at par and will mature on Jan. 15, 2029.
MIAMI, Nov. 23, 2020 Carnival Corporation?& plc?, today announced that Carnival Corporation (CCL) has closed its previously announced registered direct offering of 10.4 million shares of its common stock at a price of $17.59 per share to a holder of its 5.75% Convertible Senior Notes due 2023.
Liberty Broadband Corporation (LBRDA) announced today that it has closed its previously announced private offering of $825 million aggregate original principal amount of its 1.25% exchangeable senior debentures due 2050 exchangeable for Charter Communications, Inc. Class A common stock, including Debentures in an aggregate original principal amount of $75 million issued pursuant to the exercise of an o...
* REPUBLIC OF PERU FILES PROSPECTUS SUPPLEMENT RELATED TO POTENTIAL THREE-PART USD-DENOMINATED GLOBAL BONDS OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text for Eikon: Further company coverage: [ ]
DENVER, Nov. 23, 2020 ?Lumen Technologies* announced that it plans to offer $750 million aggregate principal amount of fixed-rate, unsecured Senior Notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended.
Carnival PLC (CUK): * CARNIVAL - PRICED PRIVATE OFFERINGS OF $1,450 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.625% SENIOR UNSECURED NOTES DUE 2026. * CARNIVAL - PRICED EUR 500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 7.625% SENIOR UNSECURED NOTES DUE 2026.
Cellcom Israel Ltd (CEL): * CELLCOM ISRAEL ANNOUNCES PREPARATION FOR PRIVATE DEBT OFFERING IN ISRAEL. * CELLCOM ISRAEL (CEL) - BOARD INSTRUCTED CO TO PREPARE FOR A POTENTIAL PRIVATE OFFERING OF ADDITIONAL DEBENTURES FROM COMPANY'S EXISTING SERIES L DEBENTURES. * EXECUTION, TIMING, TERMS AND AMOUNT OF SUCH CONTEMPLATED OFFERING HAVE NOT YET BEEN DETERMINED.
NETANYA, Israel, Nov. 23, 2020 Cellcom Israel Ltd. (CEL) announced today that its Board of Directors has instructed the Company to prepare for a potential private offering of additional debentures from the Company's existing Series L Debentures, which are listed on the Tel Aviv Stock Exchange, or TASE, in an aggregate principal amount of between approximately NIS 300 - 400 million, to institutional i...
Lille, Cambridge, November 23, 2020 ? GENFIT a late-stage biopharmaceutical company dedicated to improving the lives of patients with metabolic and chronic liver diseases, today announced the final terms of the partial buyback of its convertible bonds maturing in October 2022 and the proposed amendment of the existing terms of the 2022 OCEANEs.
One of China's largest banks halted the planned debut of a digital bond on an exchange outside the country, shortly before the security was scheduled to begin trading on Nov. 13.. China Construction Bank Corp. (CICHY) decided not to proceed with a sale of up to $3 billion in short-term debt in Labuan, an offshore financial center in Malaysia, after the bank's role in the deal and the way investors could trade the securities came under scrutiny in China. The blockchain-based bond, the first of...
South Africa's finance ministry said on Saturday the ratings downgrade by Moody's and Fitch will increase the country's borrowing costs and constrain its fiscal framework. "The decision by Fitch and Moody's... is a painful one," Tito Mboweni, Minister of Finance, said in a statement.
* S&P SAYS SOUTH AFRICA LONG-TERM FOREIGN AND LOCAL CURRENCY RATINGS AFFIRMED; OUTLOOK STABLE. * S&P ON SOUTH AFRICA SAYS EXPECT RETURN TO POSITIVE ANNUAL ECONOMIC GROWTH ALONGSIDE SLOW FISCAL CONSOLIDATION IN 2021-2023 Source :
Carnival Corp (CCL): * CARNIVAL CORPORATION (CCL) & PLC ANNOUNCES UPSIZING AND PRICING OF $1,450 MILLION AND ?500 MILLION SENIOR UNSECURED NOTES DUE 2026. * Carnival Corp (CCL) - PRICED PRIVATE OFFERING OF $1,450 MILLION OF 7.625% SENIOR UNSECURED NOTES DUE 2026. * Carnival Corp (CCL) - PRICED PRIVATE OFFERING OF EUR 500 MILLION OF 7.625% SENIOR UNSECURED NOTES DUE 2026.
MIAMI, Nov. 20, 2020 Carnival Corporation (CCL) & plc today announced that Carnival Corporation (CCL) has priced the private offerings of $1,450 million aggregate principal amount of 7.625% senior unsecured notes due 2026 and ?500 million aggregate principal amount of 7.625% senior unsecured notes due 2026.
S&P: * S&P SAYS GUATEMALA 'BB-' LONG-TERM FOREIGN CURRENCY RATING PLACED ON CREDITWATCH NEGATIVE FOLLOWING DISPUTE ON BOND PAYMENT. * S&P SAYS IT RATES GUATEMALA'S FOREIGN CURRENCY LONG TERM AT BB- AND SHORT TERM AT B; OUTLOOK WATCH NEGATIVE. * S&P SAYS IT RATES GUATEMALA'S LOCAL CURRENCY LONG TERM AT BB AND SHORT TERM AT B; OUTLOOK WATCH NEGATIVE.
Louis Dreyfus Company issued a 600 million euro five-year bond on Friday, the agricultural commodity group said in a statement. The group said the issue, which drew orders of over 3.3 billion euros and is expected to close on Nov. 27, was helped by a first public credit rating for LDC from S&P Global last week, which followed an agreement to sell a 45% stake to Abu Dhabi investment company ADQ.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of First Net Insurance Company. The ratings reflect First Net?s balance sheet strength, which AM Best categorises 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 Life Insurance Corporation B.S.C.. The outlook of these Credit Ratings is negative. The ratings reflect LICI?s balance sheet strength, which AM Best categorises as adequate, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
Medical Properties Trust, Inc. (MPW) today announced the pricing of the previously announced public offering of notes to be issued by its operating partnership, MPT Operating Partnership, L.P., and MPT Finance Corporation, a wholly-owned subsidiary of the Operating Partnership.
Minority-, women- and veteran-owned firms solely manage $1.2 billion bond offering Today, The Allstate Corporation (ALL) priced $1.2 billion of 5-year and 10-year senior notes through a syndicate exclusively comprised of minority-, women- and veteran-owned business enterprises.
RPT Realty (RPT) announced today that Fitch Ratings, Inc. has assigned a first time rating to RPT, including a Long-Term Issuer Default Rating of ?BBB-? with a stable outlook. ?We are pleased that we were able to obtain RPT?s inaugural investment grade credit rating, particularly during these unprecedented times,? said Brian Harper, President and CEO.
MIAMI, Nov. 19, 2020 ?Carnival Corporation?& plc?, today announced that Carnival Corporation (CCL) has closed its previously announced registered direct offering of 49.2 million shares of its common stock at a price of $18.05 per share to a limited number of holders of its 5.75% Convertible Senior Notes due 2023.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-?, and the Mexico National Scale Rating of ?aaa.MX? of El ?guila, Compa??a de Seguros, S.A. de C.V.. The outlook of these Credit Ratings is stable.
Carnival Corp (CCL) is seeking to borrow $1.6 billion in a bond offering that is not backed by its cruise ships, the Financial Times reported https://www.ft.com/content/01a84753-b33e-493c-83e9-4100c62409c4 on Thursday. The cruise ships operator will sell the debt in U.S. and European junk bond markets, the report said, citing a term sheet.
Fitch: * FITCH RATES SAUDI ARAMCO'S GMTN NOTES 'A' * FITCH HAS ASSIGNED SAUDI ARABIAN OIL COMPANY'S $8 BILLION MULTI-TRANCHE NOTES ISSUANCE A FINAL SENIOR UNSECURED RATING OF 'A' Source text for Eikon:
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of East Caribbean Reinsurance Company Limited. The ratings reflect ECRC?s balance sheet strength, which AM Best categorizes 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 ?bbb+? of Dubai National Insurance & Reinsurance P.S.C.. The outlook of these Credit Ratings is positive.
Tepid growth in Germany, France, Italy and Spain, even with fiscal stimulus, will prevent debt levels in the four biggest euro zone economies returning to pre-COVID-19 crisis levels for the foreseeable future, credit rating agency Scope said.
MIAMI, Nov. 19, 2020 ?Carnival Corporation?& plc?, today announced that Carnival Corporation (CCL) priced a registered direct offering of an aggregate of 10.4 million shares of its common stock at a price of $17.59 per share to a limited number of holders of its 5.75% Convertible Senior Notes due 2023.
ARLINGTON, Va., Nov. 19, 2020 ?The AES Corporation? today announced that it intends, subject to market and other conditions, to offer Senior Notes due 2026 and Senior Notes due 2031 in a private offering exempt from registration in accordance with Rule 144A and Regulation S under the United States Securities Act of 1933, as amended.
NEW YORK, Nov. 19, 2020 DirectBooks?, the capital markets consortium founded to optimize global financing markets, today announced that it has launched its core service to simplify and evolve the primary issuance process for corporate bonds.
Following Redemptions, Bausch Health Will Have No Note Maturities Until 2024?. LAVAL, QC, Nov. 18, 2020 ?Bausch Health Companies Inc. (BHC) announced today that it has priced and upsized its previously announced offering of $1.0 billion aggregate principal amount of 5.000% senior notes due 2029 and $1.0 billion aggregate principal amount of 5.250% senior notes due 2031.
CARMEL, Ind. The Debentures will bear interest at an annual rate of 5.125%, payable quarterly in arrears on February 25, May 25, August 25 and November 25 commencing on February 25, 2021. The Debentures will mature on November 25, 2060. CNO intends to use the net proceeds from the offering of the Debentures?for general corporate purposes.
AMSTERDAM ?VEON Holdings B.V., a subsidiary of VEON Ltd.,?announces the pricing of its USD 1.25 billion?3.375% senior?unsecured notes due 2027 in 144A / Reg S format issued under its Global Medium Term Note Programme established in April 2020. The settlement date for the offering is expected to be 25 November 2020, subject to customary closing conditions.
AM Best has upgraded the Long-Term Issue Credit Rating to ?bbb? from ?bbb-? on the $4,695,000 Class B 10.00% Fixed Rate Asset Backed Notes, Series 2008-3 issued by 321 Henderson Receivables V LLC, a special purpose Nevada limited liability company.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb-? to the $500 million, 5.375% non-cumulative preferred stock, Series C, to be issued by Brighthouse Financial, Inc. (BHF) [NASDAQ: BHF]. The outlook assigned to this Credit Rating is stable. This transaction follows other capital transactions executed in 2020 by Brighthouse.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the recently issued $250 million, 5.25% subordinated notes, due 2061, of Assurant, Inc. (AIZ) [NYSE: AIZ]. The outlook assigned to the Credit Rating is stable. Following the debt issuance, financial leverage will remain within guidelines for the assigned rating.
A new report suggests Beijing has been successful in shifting some government borrowing to the corporate sector, as it has enlisted companies to help limit economic fallout from the coronavirus pandemic. Growth in overall debt has accelerated this year in China, as it has all around the world. But unlike last year, when government borrowing drove the rise in China's total debt burden, the biggest driver was nonfinancial corporate debt, according to a report released Wednesday by...
NRG Energy Inc (NRG): * NRG ENERGY, INC. ANNOUNCES PRICING OF $1.40 BILLION OF SENIOR SECURED FIRST LIEN NOTES, $1.53 BILLION OF SENIOR UNSECURED NOTES AND $900 MILLION OF PRE-CAPITALIZED TRUST SECURITIES Source text for Eikon: Further company coverage:
Pinduoduo Inc. (PDD), an innovative and fast-growing technology platform and one of the leading Chinese e-commerce players, today announced the pricing of its public offering of?US$1,750 million?in aggregate principal amount of convertible senior notes due 2025, and the pricing of its upsized public offering of an aggregate of 28,700,000 American Depositary Shares at a price to public of?US$125.00??p...
LAVAL, QC, Nov. 18, 2020 Bausch Health Companies Inc. (BHC) announced today that it has launched an offering of a combined $1.75 billion aggregate principal amount of new senior notes due 2029 and new senior notes due 2031. The Notes will be guaranteed by each of the Company's subsidiaries that are guarantors under the Company's credit agreement and existing senior notes.
MIAMI, Nov. 17, 2020 ?Carnival Corporation?& plc?, today announced that Carnival Corporation (CCL) priced a registered direct offering of an aggregate of 57,426,860 shares of its common stock at a price of $18.05 per share to a limited number of holders of its 5.75% Convertible Senior Notes due 2023.
Alliant Energy Finance, LLC, a wholly-owned subsidiary of Alliant Energy Corporation (LNT) announced the pricing of a private offering of $200?million aggregate principal amount of 1.400% senior unsecured notes. The net proceeds from this offering are intended to be used to reduce the Company?s outstanding commercial paper and for general corporate purposes.
American Tower Corp: * AMERICAN TOWER CORPORATION PRICES SENIOR NOTES OFFERING. * AMERICAN TOWER - PRICING OF OFFERING OF SENIOR UNSECURED NOTES DUE 2024, 2028 & 2051 IN AMOUNTS OF $500.0 MILLION, $650.0 MILLION & $550.0 MILLION. * AMERICAN TOWER - 2024 NOTES WILL HAVE INTEREST RATE OF 0.600% PER ANNUM, BEING ISSUED AT PRICE EQUAL TO 99.825% OF THEIR FACE VALUE.
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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