Apartment Income REIT Corp. (AIRC) today announced the issuance of three tranches of guaranteed, senior unsecured notes, totaling $400 million at a weighted average effective interest rate of 4.3%, inclusive of a previously placed treasury lock, and a weighted average maturity of eight years. Proceeds from the offering were used to repay borrowings under the revolving credit facility.
Oryzon Genomics SA: * ORYZON ANNOUNCES A NEW FINANCING THROUGH A CONVERTIBLE BOND PROGRAM FOR A TOTAL AMOUNT UP TO ?20 MILLION OVER 30 MONTHS. * ORYZON GENOMICS SA - FUNDING PROVIDED BY NICE & GREEN SA, A SWISS INSTITUTIONAL INVESTOR.
MADRID, Spain and CAMBRIDGE, Mass., July 05, 2022 -- Oryzon Genomics, S.A. (ORYZF), a clinical-stage biopharmaceutical company leveraging epigenetics to develop therapies in diseases with strong unmet medical need, announced today the entry into a convertible bonds financing agreement with Nice & Green in bonds convertible into new shares for a total amount of ?20 Million.
HONG KONG, July 4, 2022 Yeahka Limited (YHEKF), a leading payment-based technology platform in China, is pleased to announce that the Company has issued an approximately HK$549.23 million convertible bond maturing in 2027 on July 5, 2022. J.P. Morgan and Credit Suisse acted as the joint global coordinators on the transaction.
London-listed mining company Phoenix Copper (PXCLF) is due to launch up to $80 million of bonds linked to the copper price this week, targeting investors bullish on the long-term outlook for the metal despite a recent downtrend, the chairman said. Mining companies often raise money by issuing shares or through project finance, but bonds linked to commodity prices are rare.
The European Central Bank plans to gradually revamp its 344 billion euro corporate debt portfolio to favour greener firms, it said on Monday, taking another step in aligning monetary policy with climate change goals.
The European Central Bank plans to gradually revamp its 344 billion euro corporate debt portfolio to favour greener firms, it said on Monday, taking another step in aligning monetary policy with climate change goals.
Ronshine Investment Group's unit Rongxin: * WILL HOLD BONDHOLDERS' MEETINGS TO REPAY EARLY REDEMPTION ON PUTTABLE BONDS BY INSTALLMENTS Source text: http://www.sse.com.cn/disclosure/bond/announcement/company/c/new/2022-07-03/155501_20220703_1_zs90APOC.pdf.
* MOODY'S AFFIRMS MOROCCO'S BA1 RATINGS, CHANGES OUTLOOK TO STABLE FROM NEGATIVE. * MOODY'S SAYS MOROCCO'S OUTLOOK CHANGE TO STABLE REFLECTS THE RECOVERY IN REAL GDP TO PRE-PANDEMIC LEVELS. * MOODY'S SAYS OUTLOOK CHANGE TO STABLE REFLECTS GOVERNMENT OF MOROCCO'S CRISIS MANAGEMENT CAPACITY DEMONSTRATED DURING THE PANDEMIC.
* S&P SAYS FINLAND 'AA+/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P ON FINLAND SAYS THE RUSSIA-UKRAINE CONFLICT WILL WEIGH ON FINLAND'S ECONOMY. * S&P ON FINLAND SAYS RUSSIA-UKRAINE WAR'S OVERALL IMPACT ON FINLAND'S FISCAL AND BALANCE OF PAYMENTS POSITIONS APPEARS MANAGEABLE. * S&P ON FINLAND SAYS DIVERSIFICATION OF ENERGY SOURCES AWAY FROM RUSSIA IS PROGRESSING SWIFTLY.
Cytokinetics, Incorporated (CYTK) today announced the pricing of its offering of $450.0 million aggregate principal amount of 3.50% convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Enviva Inc. (EVA) today announced that it has priced $250,000,000 of bonds in the U.S. tax-exempt market through the Industrial Development Authority of Sumter County, Alabama. Use of Proceeds Enviva (EVA) estimates that the net proceeds of this Offering will be $246,000,000, after deducting the underwriters? discount and other transaction-related costs.
First U.S. Community Bank Holding Company to Issue a Bond Dedicated to Supporting Social & Environmental Projects BOSTON, June 30, 2022 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (BHLB) announced today the completion of the public offering and sale of its inaugural Sustainability Bond, offering $100.0 million of its 5.50% fixed-to-floating rate subordinated notes due 2032.
* U.S. Treasuries down 11%, set for worst year since at least 1973. * Euro zone govt, corporate bonds also see double-digit losses. * Most of Treasury sell-off likely over, but outlook hard to read. By Yoruk Bahceli.
Cytokinetics, Incorporated (CYTK) today announced its intention to offer, subject to market and other conditions, $450.0 million aggregate principal amount of convertible senior notes due 2027 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The Investment Company Institute reported investors pulled $4.590 billion from muni bond mutual funds in the week ending June 22, down from $6.243 billion of outflows in the previous week.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Thrivent Financial for Lutherans. The ratings reflect Thrivent?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
Moody's : * MOODY'S ON GLOBAL PHARMACEUTICALS SAYS REVISION OF INDUSTRY OUTLOOK TO STABLE FROM POSITIVE AS PATENT EXPOSURES MODERATELY INCREASE. * MOODY'S ON GLOBAL PHARMACEUTICALS SAYS OUTLOOK FOR INDUSTRY REFLECTS EXPECTATIONS FOR CREDIT FUNDAMENTALS IN INDUSTRY OVER NEXT 12 TO 18 MONTHS.
The Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of market distress similar to those seen during the global financial crisis and in early 2020.
The Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of market distress similar to those seen during the global financial crisis and in early 2020.
The Federal Reserve of New York will publish monthly updates on the U.S. corporate bond market to help identify signs of market distress similar to those seen in the global financial crisis and in early 2020.
S&P: * S&P SAYS CHINA RATINGS AFFIRMED AT 'A+/A-1'; OUTLOOK REMAINS STABLE. * S&P SAYS EXPECT CHINA'S REAL GDP TO REBOUND 5.4% IN 2023, BEFORE MODERATING TO ABOUT 4.8% FROM 2023-2025. * S&P SAYS RATINGS ON CHINA REFLECT OUR VIEW OF THE GOVERNMENT'S REFORM AGENDA, AND THE COUNTRY'S ROBUST GROWTH PROSPECTS AND STRONG EXTERNAL METRICS Source text: [https://bit.ly/3NyE2jo]
S&P Global Ratings raised Greenland Holdings Corp Ltd by one notch to "CCC" on Wednesday, after the Chinese state-backed property developer completed a one-year maturity extension on $500 million in senior unsecured notes.
Pentair plc (PNR) announced today that Pentair Finance S.? r.l., a wholly-owned subsidiary of Pentair (PNR), priced a public offering of $400.0 million of 5.900% senior notes due 2032.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?aa? from ?aa-? and affirmed the Financial Strength Rating of A+ of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company.
Last year, the French alcohol maker Remy Cointreau sued Canopy Growth Corporation for alleged trademark infringement over its CBD-infused sparkling water brand Quatreau. Cointreau claimed that Canopy used Quatreau, to "trade-off the market dominance and fame of the Cointreau mark," arguing that 'only the "n" sound' differentiated the two brands, Spirits Business reported earlier.
CHANDLER, Ariz. The Company's new framework has also received favorable external validation from ISS ESG, a leading authority within Institutional Shareholder Services Inc. that independently assesses corporate frameworks and social bonds. Cascade's mission is to serve the American dream through attainable home ownership.
The Asia ex-Japan determinations committee said on Tuesday that a "failure to pay" credit event had occurred on Chinese developer firm Shimao Group Holdings Ltd (SIOPF), according to a statement on its website. The ruling forms the first step for a potential payout on credit default swaps issued on Shimao's (SIOPF) bonds.
* Egypt faced sharp outflows as Ukraine war began. * Now eyeing Gulf investment, concessional borrowing. * Could issue more samurai bonds, or panda bonds. By Patrick Werr. Egypt's finance minister said on Monday the government could no longer depend on foreign purchases of treasuries to finance its budget, but must work to boost foreign direct investment instead.
- Ratings agency Moody's on Friday affirmed United States' rating at "Aaa", citing the country's emergence from the pandemic shock with "exceptional" economic strength.
Moody's: * MOODY'S AFFIRMS UNITED STATES' AAA RATING; MAINTAINS STABLE OUTLOOK. * MOODY'S SAYS IT EXPECTS THE U.S. ECONOMY AND THE SOVEREIGN'S CREDIT PROFILE TO REMAIN RESILIENT TO SHOCKS. * MOODY'S SAYS UNITED STATES' RATING AFFIRMATION DRIVEN BY VIEW THAT THE U.S. IS EMERGING FROM THE PANDEMIC SHOCK WITH ITS CREDIT STRENGTHS INTACT.
Ratings agency Moody's on Friday affirmed United States' rating at "Aaa", citing the country's emergence from the pandemic shock with "exceptional" economic strength.
Callon Petroleum Co (CPE): * Callon Petroleum Co (CPE) - ISSUED $600 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS 7.50% SENIOR UNSECURED NOTES DUE 2030 Source text for Eikon: [https://bit.ly/3AaMmTg] Further company coverage:
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to British Caribbean Insurance Company Limited. The ratings reflect BCIC?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Saudi Arabian Insurance Company B.S.C.. The outlook assigned to these Credit Ratings is negative.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Ratings to ?bbb+? from ?a-? of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, Thames Insurance Company, Inc. and Danbury Insurance Company, which operate under an intercompany pooling agreement and are collectively referred to as NLC Insurance Companies Pool.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Pacific Life Insurance Company and Pacific Life & Annuity Company. The ratings reflect Pacific Life Group?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Gar-Bo F?rs?kring AB. The ratings reflect Gar-Bo?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.
Coinbase Global Inc??operates the largest spot exchange for cryptocurrencies such as Bitcoin and Ethereum?in the United States but it has recently faced headwinds amid a market slide. Moody's Investors Service?on Thursday downgraded?Coinbase's Corporate Family Rating to Ba3 from Ba2 and its guaranteed senior unsecured notes to Ba2 from Ba1.
If you were hoping this was all a bad dream, take a deep breath. Many investors craving some return to "normal" from the wild economic and market distortions of the pandemic and this year's war in Europe tend to rely on the glacial grind of ageing populations as guiding light back to trends of recent decades.
From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major buyer as Switzerland ends its long-standing policy of recycling euros and dollars into foreign markets.
Universal Music Group NV: * UNIVERSAL MUSIC GROUP N.V. SUCCESSFULLY PRICES EUR 1.0BN OF NEW EUROBOND NOTES. * HAS SUCCESSFULLY PRICED EUR 500M OF 3.000% SENIOR UNSECURED NOTES DUE 2027 AND EUR 500M OF 3.750% SENIOR UNSECURED NOTES DUE 2032. * OFFERING IS EXPECTED TO CLOSE ON JUNE 30, 2022, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?a+? from ?a? and affirmed the Financial Strength Rating of A and the Mexico National Scale Rating of ?aaa.MX? of Dentegra Seguros Dentales, S.A.. The outlook of the Long-Term ICR have been revised to stable from positive, while the outlook of the FSR and NSR is stable.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Zhongyuan Agricultural Insurance Co., Ltd.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Bosna Reosiguranje d.d. Sarajevo. The ratings reflect Bosna Re?s balance sheet strength, which AM Best assesses as very 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 Suez Canal Insurance. The ratings reflect SCI?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Japan's Toyota Motor Corp (TM) has cut its stake in Uber Technologies Inc (UBER) by about half after the ride-hailing giant divested the autonomous driving unit at the center of their collaboration.
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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