AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Seguros e Inversiones S.A. . The outlook assigned to these Credit Ratings is stable. The ratings reflect SISA?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and Long-Term Issuer Credit Rating of ?bbb-? of SNIC Insurance B.S.C.. These Credit Ratings reflect SNIC?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 East Africa Reinsurance Company Limited. The ratings reflect EARe?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.
Tidewater Inc (TDW): * TIDEWATER ANNOUNCES PRICING OF USD $175 MILLION SENIOR SECURED BOND ISSUE. * Tidewater Inc (TDW) - FINALIZED TERMS OF COMPANY'S OFFERING OF USD $175 MILLION IN SENIOR SECURED BONDS IN NORDIC BOND MARKET. * Tidewater Inc (TDW) - BONDS WILL MATURE IN NOVEMBER 2026 AND BEAR INTEREST AT 8.5% PER ANNUM.
Tidewater Inc. (TDW) today announced that it has finalized the terms of the Company?s offering of USD $175 million in senior secured bonds in the Nordic bond market. The bonds were privately placed in the United States in accordance with U.S. securities laws and sold outside the United States pursuant to Regulation S under the Securities Act of 1933.
Developer Xinyuan Real Estate Co said Friday that it had reached an exchange agreement with bondholders on its $229 million notes maturing Oct. 15. Xinyuan would deliver new bonds worth $205.4 million and $19.1 million cash to eligible bondholders on the settlement date, it said in a Singapore Exchange filing.
* S&P SAYS PERU OUTLOOK REVISED TO NEGATIVE ON INCREASED RISKS TO DEBT DYNAMICS; 'BBB+/A-2' FOREIGN CURRENCY RATINGS AFFIRMED. * S&P-PERU'S NEGATIVE OUTLOOK REFLECTS AT LEAST 1-IN-3 CHANCE OF DOWNGRADE OVER NEXT 6-24 MONTHS IF POLITICAL CHALLENGES LEAD TO POOR ECON PERFORMANCE.
Arko Corp. (ARKO): * ARKO CORP. ANNOUNCES PRICING OF ITS SENIOR UNSECURED NOTES OFFERING. * Arko Corp. (ARKO) - PRICING OF ITS PRIVATE OFFERING OF $450.0 MILLION OF 5.125% SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
ARKO Corp. (ARKO) today announced the pricing of its previously announced private offering of $450.0 million aggregate principal amount of 5.125% Senior Unsecured Notes due 2029.
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 MAPFRE M?xico, S.A. . The outlook of these Credit Ratings is stable.
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 MAPFRE Fianzas, S.A. . The outlook of these Credit Ratings is stable.
Moody's: * MOODY'S CHANGES OUTLOOK ON OMAN'S RATING TO STABLE, AFFIRMS BA3 RATING. * MOODY'S SAYS CHANGED OUTLOOK ON GOVERNMENT OF OMAN'S ISSUER RATING TO STABLE FROM NEGATIVE. * MOODY'S SAYS AFFIRMED GOVERNMENT OF OMAN'SBA3 SENIOR UNSECURED MEDIUM TERM NOTE PROGRAM RATING.
Bong AB: * BONG ISSUES NOTES OF SEK 110 MILLION. * AN APPLICATION WILL BE MADE FOR NOTES TO BE LISTED ON CORPORATE BOND LIST OF NASDAQ STOCKHOLM. * SHARES IN A SUBSIDIARY AND AN INTRAGROUP LOAN WILL BE PLEDGED AS SECURITY FOR BONG'S OBLIGATIONS UNDER NOTES. * PROCEEDS WILL BE USED TOWARDS REDEMPTION OF COMPANY'S EXISTING NOTES, WHICH MATURE ON 19 OCTOBER 2021.
Ascopiave SpA: * ASCOPIAVE CLOSES $ 200M US PRIVATE PLACEMENT SHELF PROGRAM AND ISSUED SENIOR UNSECURED NOTES FOR ? 25M. * COMPLETES $ 200M US PRIVATE PLACEMENT SHELF PROGRAM WITH PRICOA CAPITAL GROUP LIMITED, PART OF PRUDENTIAL FINANCIAL INC INSURANCE GROUP. * AT CLOSING, ASCOPIAVE HAS ALSO ISSUED SENIOR UNSECURED NOTES OFF SUCH PROGRAM FOR ?25 MILLION AND STARTED REFINANCING OF BANK DEBT.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of ZEP-RE. The ratings reflect ZEP-RE?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
AM Best has revised the Long-Term Issuer Credit Rating outlook to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Kot Insurance Company AG.
* OCEAN CAPITAL ISSUES OPEN LETTER TO SHAREHOLDERS OF UBS PUERTO RICO BOND FUNDS I, III AND VI REGARDING NEED FOR BOARDROOM CHANGE Source text for Eikon:
Exposes the Current Directors? Lack of Alignment with Investors, Given the Millions of Dollars in Compensation that the Incumbents have Awarded Themselves Amidst Years of Losses and Recent Reductions to the Dividend Urges Fellow Shareholders to Vote on the BLUE Card to Elect Ocean Capital?s Diverse Slate of Aligned, San Juan-Based Nominees at the Fund I and Fund III Annual Meetings on October 2...
Shares of Chinese real estate firms slid on Thursday as investors fretted about a debt crisis rippling through developers including China Evergrande Group, a day after the sector was hit with fresh rating downgrades.
Shares and bonds of Chinese real estate companies slid on Thursday, reflecting uncertainty about how a debt crisis will play out at China Evergrande Group (EGRNF) and the wider property sector as another developer was hit by a rating downgrade.
EPR Properties (EPR) announced today that it has priced an underwritten public offering of $400.0 million of 3.600% Senior Notes due 2031. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Barclays Capital Inc., RBC Capital Markets, LLC, BNP Paribas Securities Corp., Stifel, Nicolaus & Company, Incorporated and Truist Securities, Inc. are acting as joint book-running managers for the offering.
Moody's: * MOODY'S SAYS US BROADBAND OUTLOOK STABLE ON ABATING COVID-19 IMPACT AND SUSTAINED DEMAND. * MOODY'S, ON U.S. BROADBAND, SAYS EXPECTS ORGANIC REVENUE TO GROW AN AVERAGE OF 2.3% OVER NEXT 12 TO 18 MONTHS.
BondLink, the leading provider of financial technology for governments issuing bonds in the $4 trillion municipal bond market, announced the appointments of Lynn Martin, President of Fixed Income & Data Services at Intercontinental Exchange, Inc. (ICE), and Joe Geraci, partner at Old Orchard Capital and former Citi executive, to its Board of Directors. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of New York Life Insurance Company and New York Life Insurance and Annuity Corporation.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Premier Insurance Company Limited. The ratings reflect Premier?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.
Sonic Automotive, Inc. (SAH), a Fortune 500 Company and one of the nation?s largest automotive retailers, today announced a proposed private offering of $1.0 billion aggregate principal amount of its Senior Notes due 2029 and Senior Notes due 2031. The timing of pricing and terms of the notes are subject to market conditions and other factors.
DRESDEN, N.Y., Oct. 13, 2021 Greenidge Generation Holdings Inc. (GREE) announced today that the underwriters for its previously announced public offering of senior unsecured notes due 2026 will exercise their option to purchase the maximum amount of additional Notes pursuant to the terms of the Offering.
HOUSTON, Oct. 13, 2021 ?Summit Midstream Partners, LP (SMLP) announced today that, subject to market and other conditions, Summit Midstream Holdings, LLC, a Delaware limited liability company, and Summit Midstream Finance Corp., a Delaware corporation, which are subsidiaries of the Partnership, commenced a private offering of up to $700,000,000 aggregate principal amount of Senior Secured Second Lien ...
Boston Properties, Inc. (BXP), the largest publicly traded developer, owner, and manager of Class A office properties in the United States, announced today the redemption price for the $1.0 billion in aggregate principal amount of 3.85% senior unsecured notes due February 1, 2023 issued by its operating partnership, Boston Properties Limited Partnership.
Arc Minerals Ltd. on Wednesday reiterated that a debt claim made by Terra Metals Ltd. against its subsidiary Zamsort Ltd. is without merit, and that speculation that Zamsort and another of its Zambian subsidiaries have been placed into receivership is incorrect. Arc, which in 2018 increased its shareholding in Zamsort to 66%, said the debt claim is in connection with a $5.8 million capital raising by Zamsort in 2015, prior to Arc becoming a shareholder of the company.
?. Consort Healthcare Funding plc. GBP 63,964,000 2.9753 per cent. Index-Linked Guaranteed Secured Bonds due 2040. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 1,000.00 IS GBP 15.11779. POOL FACTOR.
Worries over possible spiralling effects of a debt crisis at developer China Evergrande Group drove Chinese high-yield spreads to record highs on Wednesday, days after the company missed another dollar bond deadline.
The rumbling crisis at China Evergrande Group (EGRNF) and other major homebuilders drove debt market risk premiums on weaker Chinese firms to a record high on Wednesday and triggered a fresh round of credit rating downgrades.
PHILADELPHIA, Oct. 12, 2021 FS KKR Capital Corp. (FSK) today announced that it has completed its previously announced offering of $500,000,000 in aggregate principal amount of its 1.650% unsecured notes due 2024 and $750,000,000 in aggregate principal amount of its 3.125% unsecured notes due 2028.
Capital Product Partners LP (CPLP): * CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES OFFERING OF SENIOR UNSECURED BONDS ON ATHENS EXCHANGE. * Capital Product Partners LP (CPLP) - PLANS TO OFFER IN GREECE UP TO EUR 150 MILLION OF UNSECURED BONDS. * Capital Product Partners LP (CPLP) - NET PROCEEDS OF OFFERING INTENDED FOR VESSEL ACQUISITIONS AND WORKING CAPITAL PURPOSES Source text for Eikon: Further company coverage:
Capital Product Partners L.P. (CPLP), an international owner of ocean-going vessels, today announced that its wholly owned subsidiary, CPLP Shipping Holdings PLC, plans to offer in Greece up to ?150 million of unsecured bonds which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange.
The life insurance industry is at risk if there is a sharp rise in bond yields, with an extreme situation potentially causing insurers to liquidate investments reaching $1 trillion in the United States and Europe, the International Monetary Fund warned on Tuesday.
Arko Corp. (ARKO): * ARKO CORP. ANNOUNCES OFFERING OF SENIOR UNSECURED NOTES. * Arko Corp. (ARKO) - COMMENCING A PRIVATE OFFERING OF $450.0 MILLION OF SENIOR UNSECURED NOTES DUE 2029. * Arko Corp. (ARKO) - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REPAY IN FULL OUTSTANDING BALANCE UNDER ITS CREDIT FACILITY WITH ARES CAPITAL CORP Source text for Eikon: Further company coverage:
ARKO Corp. (ARKO) today announced that it is commencing a private offering of $450.0 million aggregate principal amount of Senior Unsecured Notes due 2029.
Weatherford International PLC (WFRD): * WEATHERFORD INTERNATIONAL PLC ANNOUNCES THE COMMENCEMENT OF A $1,500,000,000 SENIOR NOTES OFFERING. * Weatherford International PLC (WFRD) - UNIT PROPOSING TO ISSUE $1.5 BILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2030 IN PRIVATE OFFERING Source text for Eikon: Further company coverage:
HOUSTON, Oct. 12, 2021 Weatherford International (WFRD) plc? today announced that its wholly owned subsidiary, Weatherford International Ltd. is proposing to issue $1,500 million aggregate principal amount of senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended.
Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rival Modern Land became the latest scrambling to delay deadlines.
* Evergrande looks set to miss third round of bond payments. * Some offshore bondholders have not had payment - sources. * Modern Land asks investors to push back bond payment. * Sinic warns it is likely to default next week. By Andrew Galbraith and Marc Jones.
Chinese property firms' bonds were hit with another wrecking ball on Monday as Evergrande looked set to miss its third round of bond payments in as many weeks and rivals Modern Land and Sinic became the latest scrambling to delay deadlines.
Offshore bondholders of beleaguered developer China Evergrande Group (EGRNF) were on Monday bracing for news on more than $148 million in looming bond coupon payments after the company missed two coupon deadlines last month.
DRESDEN, N.Y., Oct. 8, 2021 /PRNewswire/ -- Greenidge Generation Holdings Inc. (GREE) today announced that it has upsized and priced its previously announced public offering of 8.50% Senior notes due 2026.
MINNEAPOLIS, Oct. 8, 2021 ?Castlelake, L.P., a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, today?announced the?pricing of a private offering by Castlelake Aviation Finance Designated Activity Company, a subsidiary of Castlelake Aviation Limited, the corporate aircraft lessor created by Castlelake in September 2021.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Chubb Seguros Panam? S.A. . The outlook of these Credit Ratings is stable. The ratings reflect Chubb Panam??s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb+? of Oregon Dental Service. The ratings of ODS reflect its 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 A+, the Long-Term Issuer Credit Rating of ?aa?, and the Mexico National Scale Rating of ?aaa.MX? of Allianz M?xico, S.A., Compa??a de Seguros.
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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