* FITCH REVISES ANDORRA'S OUTLOOK TO POSITIVE; AFFIRMS AT 'BBB+' * FITCH SAYS EXPECTS RECOVERY IN GDP GROWTH AND DECLINE IN FISCAL SUPPORT IN ANDORRA TO UNDERPIN A RETURN TO GENERAL GOVERNMENT FISCAL SURPLUS IN 2022. * FITCH ON ANDORRA SAYS IN 2022, EXPECT DIRECT TAX REVENUES TO BENEFIT FROM HIGH EMPLOYMENT RATE, WHICH WAS AT ITS HIGHEST LEVEL IN 10 YEARS IN 3Q21.
JPMorgan Chase & Co (JPM) posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability.
* FITCH RATINGS: OMICRON WEAKENS GLOBAL LODGING REVENUE RECOVERY PROSPECTS. * FITCH - EXPECTS URBAN DESTINATIONS, IN UPSCALE SEGMENT TARGETING BUSINESS TRAVELLERS, TO REMAIN UNDER PRESSURE AS 'RETURN TO OFFICE' POLICIES HAVE BEEN DELAYED.
Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Charter Communications Inc (CHTR): * CHARTER PRICES $1.2 BILLION SENIOR UNSECURED NOTES. * CHARTER-SUBSIDIARIES,CCO HOLDINGS, LLC,CCO HOLDINGS CAPITAL CORP HAVE PRICED $1.2 BILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2032 Source text for Eikon: Further company coverage:
IRVING, Texas, Jan. 13, 2022 Commercial Metals Company (CMC) announced today that it has agreed to sell $300 million in aggregate principal amount of 4.125% Senior Notes due 2030 and $300 million in aggregate principal amount of 4.375% Senior Notes due 2032 in an underwritten public offering under its effective shelf registration statement.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.
Turin, 13th January 2022. Iveco Group N.V. announces that on 13th January, 2022 Fitch Ratings assigned Iveco Group N.V. a final Long-Term Issuer Default Rating of ?BBB-?. The outlook is stable. Iveco Group N.V. is an On-Highway global organisation tasked with safeguarding, supporting, and bolstering eight unique, yet unified brands.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mountain West Farm Bureau Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Charter Communications Inc (CHTR): * CHARTER OFFERS SENIOR UNSECURED NOTES. * CHARTER COMMUNICATIONS (CHTR) - UNIT INTEND TO USE NET PROCEEDS INCLUDING TO FUND POTENTIAL BUYBACKS OF CLASS A COMMON STOCK OF CHARTER Source text for Eikon: Further company coverage:
IRVING, Texas, Jan. 13, 2022 Commercial Metals Company (CMC) announced today a proposed offering of $300 million in aggregate principal amount of senior notes in an underwritten public offering under its effective shelf registration statement, subject to market conditions and other factors.
Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
China Evergrande Group's (EGRNF) main unit Hengda Real Estate Group has reached an agreement with bondholders to delay payments for a 4.5 billion yuan onshore bond, Hengda said in a filing on Thursday. The company had been seeking a six-month delay for redemption and coupon payments on its 6.98% January 2023 bond at a meeting with bondholders held Jan. 7-13.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Insurance House P.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect IH?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Mandal Daatgal JSC. The ratings reflect Mandal?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
Sonoco Products Co (SON): * SONOCO PRICES INAUGURAL GREEN BOND OFFERING. * SONOCO - GREEN BONDS TOTAL $1.2 BILLION AGGREGATE PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:
SLR Investment Corp (SLRC): * SLR Investment Corp (SLRC). ISSUES $135 MILLION OF FIVE-YEAR 3.33% SENIOR UNSECURED NOTES; REDUCES LONG-TERM AVERAGE BORROWING RATE Source text for Eikon: Further company coverage:
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Manhattan Life Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
SLR Investment Corp.?, today reported it has issued $135 million of 3.3% senior unsecured notes due January 2027 in a private placement. ?Through this $135 million issuance, together with the $50 million of senior unsecured notes issued in Q3 2021, we have lowered the Company?s long-term average unsecured financing rate.
INDIANAPOLIS, Jan. 12, 2022 Calumet Specialty Products Partners, L.P. (CLMT) and its wholly-owned subsidiary Calumet Finance Corp. announced today that, subject to market conditions, they intend to offer for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, $300 million in aggregate principal amount of senior unsecured notes ...
Sonoco, one of the largest sustainable global packaging companies, today announced the successful pricing of its first green bonds to support the Company?s sustainability strategy.
MADRID---- Regulatory News: Colonial and its French subsidiary Soci?t? Fonci?re Lyonnaise have announced their intention to convert all the outstanding bonds of the Colonial Group into ?green bonds?. With this objective, the Group led by Juan Jos? Brugera and Pere Vi?olas has prepared a Green Financing Framework to align the Group's financing strategy with its sustainability objectives.
January 11, 2022 -- Triton International Limited (TRTN) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 at an offering price of 99.600% of the principal amount thereof.
* MOODY'S SAYS INTEREST RATES TO RISE FASTER AS OMICRON'S IMPACT ON ECONOMY LIKELY TO BE TEMPORARY. * MOODY'S SAYS NOW EXPECT THREE U.S. INTEREST RATE HIKES THIS YEAR, COMPARED WITH NOVEMBER EXPECTATION OF NONE UNTIL 2023. * MOODY'S SAYS OMICRON'S IMPACT ON ECONOMIC ACTIVITY WILL LIKELY BE TEMPORARY AND MUTED.
Realty Income Corp (O): * REALTY INCOME PRICES ?500 MILLION OF DUAL-TRANCHE STERLING-DENOMINATED SENIOR UNSECURED NOTES. * REALTY INCOME (O) - ANNOUNCED PRICING OF PUBLIC OFFERING OF ?250 MILLION OF 1.875% SENIOR UNSECURED NOTES DUE JAN 14, 2027.
SAN DIEGO, Jan. 11, 2022 Realty Income Corporation (O), The Monthly Dividend Company?, today announced the pricing of a public offering of ?250 million of 1.875% senior unsecured notes due January 14, 2027 and ?250 million of 2.500% senior unsecured notes due January 14, 2042.
GRATZ, Pa., Jan. 11, 2022 MIWD Holding Company LLC announced today the commencement of a private offering of $400.0 million aggregate principal amount of senior notes due 2030 to be issued by its wholly-owned subsidiaries, MIWD Holdco II LLC and MIWD Finance Corporation.
NEW YORK, Jan. 11, 2022 ?BondCliQ Inc., creator and operator of the first consolidated quote system for the corporate bond market, announces today the successful initial close of its Series A funding, led by London Stock Exchange Group and key buy-side and financial technology participants Aflac Ventures and SEI?. Additionally, investment management firm Vanguard has engaged as a strategic par...
Legion Capital Corporation (LGCP), a fintech-enabled private equity lender serving small to medium sized businesses and real estate developers, today announced the re-qualification of their Reg A+ offering to incorporate an increased maximum capital raise amount of $75 million.
Starwood Property Trust Inc (STWD): * STARWOOD PROPERTY TRUST PRICES PRIVATE OFFERING OF SUSTAINABILITY BONDS. * Starwood Property Trust Inc (STWD)- PRICED ITS PRIVATE OFFERING OF $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 4.375% UNSECURED SENIOR NOTES DUE 2027 Source text for Eikon: Further company coverage:
GREENWICH, Conn. 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.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of Independence Insurance Holding Company, headquartered in Stamford, CT. At the time of the withdrawal, this Credit Rating was under review with developing implications. AM Best?s policy is for a final rating to be completed along with a rating withdrawal.
Federal Home Loan Mortgage Corp : * FREDDIE MAC TO ISSUE WHEN-ISSUED BONDS FOR BENCHMARK K-DEAL BOND CLASS Source text for Eikon: Further company coverage:
HOUSTON, Jan. 10, 2022 ?Fertitta Entertainment, LLC announced today that it is proposing to issue?$3.7 billion?aggregate principal amount of senior notes, comprised of?$1.85 billion?aggregate principal amount of senior secured notes due 2029 and?$1.85 billion?aggregate principal amount of senior notes due 2030, in a private offering that is exempt from the registration requirements of the Secur...
GREENWICH, Conn. 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.
CME Group Inc (CME) said on Monday it will launch futures on 20-year U.S. Treasury bonds on March 7, pending regulatory review, to help investors better manage their U.S. Treasury curve exposure.
CME Group Inc (CME) said on Monday it will launch futures on 20-year U.S. Treasury bonds on March 7, pending regulatory review, to help investors better manage their U.S. Treasury curve exposure.
-? S&P, Moody?s and Fitch reaffirmed Avolon?s investment grade rating with Stable outlook; -? Raised $3.7bn of debt capital at a cost of 2.5% and increased total revolving debt capacity from $4.8 to $5.9 billion; -? Delivered, transitioned and sold a total of 91 aircraft; executed 229 lease transactions during 2021; -? Owned and managed fleet increased by 4% to 592 aircraft during 2021; -? Anno...
Abu Dhabi solar energy firm Sweihan PV Power Company aims to raise more than $700 million through the sale of amortising green bonds, an investor presentation reviewed by Reuters on Monday showed. Sweihan owns the Noor Abu Dhabi solar plant, the largest such facility in the United Arab Emirates, which began commercial operations in 2019.
French sugar and ethanol group Tereos said on Monday its subsidiary Tereos Finance Groupe I intended to issue 300 million euros in senior unsecured notes, subject to market conditions, to repay some of its existing debt. The bond would be due in 2027, it said in a financial release posted on its website.
MIAMI, Jan. 7, 2022 ?Royal Caribbean Group (RCL) today announced that it has closed its private offering of $1,000,000,000?aggregate principal amount of 5.375% senior unsecured notes?due 2027?.?The Notes will mature on?July 15, 2027?unless earlier redeemed or repurchased.
GURUGRAM, India, Jan. 7, 2022 ReNew Energy Global Plc (RNW), India's leading renewable energy company, today announced that India Clean Energy Holdings, a Mauritian entity, and a wholly owned subsidiary of ReNew Energy Global Plc (RNW), has raised US$400 million at 4.5% by issuing senior secured dollar notes.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to C from B and the Long-Term Issuer Credit Rating to ?ccc+? from ?bb+? of PT Asuransi Jasa Indonesia.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of National Indemnity Company and its affiliates. The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.
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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