Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in climate solutions, today announced that it has upsized and priced its private offering of $550 million in aggregate principal amount of 8% green senior unsecured notes due 2027 by its indirect subsidiaries, HAT Holdings I LLC and HAT Holdings II LLC.
Avalonbay Communities Inc (AVB): * AVALONBAY COMMUNITIES, INC. PRICES $400 MILLION SENIOR NOTES OFFERING. * SAYS PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $400 MILLION OF 5.300% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
AVALONBAY COMMUNITIES, INC. (AVB) announced today that it priced an underwritten public offering of $400 million of 5.300% senior unsecured notes due 2033. Details of the offering are set forth in the table below: The effective interest rate of the Notes is 5.098%, including the impact of prior interest rate hedges, but excluding offering costs.
Fairfax Financial Holdings Limited (FRFHF) announces that it has priced a private offering of US$400,000,000 of senior notes due 2033 at an issue price of 99.252%. The Notes will be unsecured obligations of Fairfax and will pay a fixed rate of interest of 6.000% per annum.
Crown Castle Inc. (CCI) announced today that it has priced its previously announced public offering of 5.600% Senior Notes due 2029 and?5.800% Senior Notes due 2034 in aggregate principal amounts of $750 million and $750 million, respectively.
The City Colleges of Chicago is planning to issue $201 million in unlimited tax GO refunding bonds, bolstered by an upgrade and a new positive rating outlook.
* FITCH RATINGS: EMERGING EUROPE FINANCE AND LEASING COMPANIES' OUTLOOK NEUTRAL IN 2024. * FITCH ON FLC IN EMERGING EUROPE:IN 2024 TURKISH FLCS TO BENEFIT FROM TURKIYE'S MORE PREDICTABLE ECONOMIC POLICY,SLOWING BUT STILL VERY HIGH INFLATION. * FITCH ON FLCS IN EMERGING EUROPE - EXPECT LESSORS IN KAZAKHSTAN TO BENEFIT FROM GRADUAL DECLINE OF POLICY RATE AND INFLATION IN 2024 Source text for Eikon:
Expected proceeds to be used for the purchase and redemption of all outstanding 7.125% senior unsecured notes due 2026 HOUSTON, Dec. 4, 2023 /PRNewswire/ -- J.B. Poindexter & Co., Inc. ?, a privately -held company that designs, manufactures, and markets commercial truck bodies, step vans and delivery vehicles, service/utility truck and van bodies, commercial vehicle storage and shelving systems...
Crown Castle Inc. (CCI) announced today that it is commencing a public offering of one or more series of senior notes, subject to market and other conditions. J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., TD Securities LLC and U.S. Bancorp Investments, Inc. are the joint book-running managers of the offering.
Enova International Inc (ENVA): * ENOVA ANNOUNCES PRIVATE OFFERING OF $400.0 MILLION OF SENIOR NOTES DUE 2028. * ENOVA (ENVA) - ON DEC 4, 2023, CO ISSUED NOTICE OF CONDITIONAL FULL REDEMPTION TO HOLDERS OF OUTSTANDING 8.500% SENIOR NOTES DUE 2024 Source text for Eikon: Further company coverage:
Nextera Energy Inc (NEE/PN): * NEXTERA ENERGY PARTNERS (NEP), LP ANNOUNCES THE OFFERING OF $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES. * NEXTERA ENERGY PARTNERS LP (NEP) - PRIVATE OFFERING OF $750 MILLION SENIOR UNSECURED NOTES DUE 2029 BY ITS UNIT. * NEXTERA ENERGY PARTNERS LP (NEP) - NEP OPCO WILL ADD NET PROCEEDS FROM SALE OF NOTES TO ITS GENERAL FUNDS.
Sluggish global growth, a higher risk of borrowers defaulting on loans and pressure on profitability mean that banks face a negative outlook in 2024, credit rating agency Moody's said on Monday.
Hannon Armstrong Sustainable
Infrastructure Capital Inc (HASI): * HASI ANNOUNCES PROPOSED PRIVATE OFFERING OF $500 MILLION GREEN SENIOR UNSECURED NOTES TO INVEST IN NEAR-TERM OPPORTUNITIES AT ATTRACTIVE YIELDS. * Hannon Armstrong Sustainable
Infrastructure Capital Inc (HASI) - PRIVATE OFFERING OF $500 MILLION GREEN SENIOR UNSECURED NOTES DUE 2027 BY ITS UNITS Source text for Eikon: Further company coverage:
Fitch: * FITCH RATINGS: ITALIAN NON-LIFE INSURANCE SECTOR OUTLOOK IMPROVING; LIFE INSURANCE SECTOR NEUTRAL. * FITCH: ITALIAN NON-LIFE INSURANCE SECTOR WILL BENEFIT FROM HIGHER TARIFFS IN 2024 WHILE LIFE SECTOR WILL CONTINUE TO BE AFFECTED BY HIGH INTEREST RATES Source text for Eikon:
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $500 million in aggregate principal amount of green senior unsecured notes due 2027 by its indirect subsidiaries, HAT Holdings I LLC and HAT Holdings II LLC.
AM Best is revising its outlook on India?s non-life insurance segment to stable from negative, owing to robust growth potential, driven by economic development and rising insurance demand, and recent regulatory developments.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Seguros e Inversiones, S.A. . The outlook of 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.
* FITCH: 2024 SECTOR OUTLOOK FOR BRAZILIAN ASSET MANAGERS IS NEUTRAL. * FITCH: BRAZILIAN ASSET MANAGERS AUM EXPECTED TO GROW IN 2024, BENEFITING FROM LOWER, INTEREST RATES AND APPROVAL OF ECONOMIC REFORMS Source text for Eikon:
Fitch: * FITCH SAYS U.S. DIVERSIFIED INDUSTRIALS AND CAPITAL GOODS COMPANIES OUTLOOK NEUTRAL FOR 2024. * FITCH: RECENT STRENGTH IN US DIVERSIFIED INDUSTRIALS & CAPITAL GOODS COS' FINANCIAL PERFORMANCE COULD MODERATE IN 2024 IF ECONOMIC CONDITIONS WEAKEN.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Folgate Insurance Company Limited. The ratings reflect Folgate?s balance sheet strength, which AM Best assesses as adequate, as well as the company?s adequate operating performance, very limited business profile and appropriate enterprise risk management.
AM Best has assigned the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? to Mongolian National Reinsurance JSC. The ratings reflect Mongolian 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 A- and the Long-Term Issuer Credit Rating of ?a-? of NongHyup Property and Casualty Insurance Company Limited. The ratings reflect NH P&C?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 A and the Long-Term Issuer Credit Rating of ?a? of Group Ark Insurance Limited. The ratings reflect Ark?s consolidated 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.
Risky bank bonds that cratered during the implosion of Credit Suisse rallied hard in November, as the market found new energy, climbing around 4% in the best month since January.
Genesis Energy, L.P. (GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Knights of Columbus. The ratings reflect the Order?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
Crown Holdings Inc (CCK): * CROWN HOLDINGS, INC. ANNOUNCES PRICING OF SENIOR NOTES. * Crown Holdings Inc (CCK)- HAS PRICED AN OFFERING OF EUR 500 MILLION PRINCIPAL AMOUNT OF 4.750% SENIOR UNSECURED NOTES DUE 2029 Source text for Eikon: Further company coverage:
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Orion Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Orion Re?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.
Fitch: * FITCH SHIFTS SECTOR OUTLOOK FOR US MORTGAGE INSURERS TO 'NEUTRAL' IN 2024. * FITCH ON US MORTGAGE INSURERS SAYS NATIONAL HOME PRICES WILL REMAIN GENERALLY STABLE IN 2024. * FITCH ON US MORTGAGE INSURERS SAYS IT EXPECT UNEMPLOYMENT TO RISE MODESTLY NEXT YEAR, WHICH WILL LIKELY LEAD TO EQUIVALENT RISE IN BORROWER DEFAULTS.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of PGA Sompo Insurance Corporation. The ratings reflect PGA Sompo?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.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Irwell Insurance Company Limited. The ratings reflect Irwell?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 ?bbb? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlooks to negative from stable 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.
* FITCH RATINGS: EMEA UTILITIES' SECTOR OUTLOOK CHANGED TO NEUTRAL IN 2024 FROM IMPROVING IN 2023. * FITCH: DO NOT BELIEVE EU ENERGY MARKET REFORM, WHICH COULD BE FORMALLY APPROVED IN 2024, WILL LEAD TO MATERIAL CHANGES FOR EMEA UTILITIES' SECTOR. * FITCH ON EMEA UTILITIES' SECTOR: PROFITS FROM SUPPLY OPERATIONS SHOULD GRADUALLY RECOVER IN 2024.
Genesis Energy LP (GEL): * GENESIS ENERGY, L.P. ANNOUNCES PUBLIC OFFERING OF SENIOR NOTES. * Genesis Energy LP (GEL) - START OF REGISTERED, UNDERWRITTEN PUBLIC OFFERING OF $550 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2029. * Genesis Energy LP (GEL) - NOTES WILL BE CO-ISSUED WITH UNIT, GENESIS ENERGY FINANCE CORPORATION Source text for Eikon: Further company coverage:
Genesis Energy, L.P. (GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 that we co-issued with our subsidiary, Genesis Energy Finance Corporation.
Genesis Energy, L.P. (GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $550,000,000 in aggregate principal amount of senior unsecured notes due 2029. BofA Securities is leading the offering along with several joint book-running managers and co-managers.
Crown Holdings Inc (CCK): * CROWN HOLDINGS (CCK): INTENDS TO OFFER SENIOR UNSECURED NOTES IN AMOUNT OF EUR400 MILLION THAT WILL BE ISSUED BY CROWN EUROPEAN HOLDINGS S.A. * CROWN HOLDINGS (CCK)- TO USE PORTION OF PROCEEDS FROM OFFERING FOR PARTIAL REPAYMENT OF INDEBTEDNESS UNDER SENIOR SECURED TERM LOAN CREDIT FACILITIES Further company coverage:
F&G Annuities & Life Inc (FG): * F&G ANNUITIES & LIFE PRICES SENIOR UNSECURED NOTES OFFERING. * F&G ANNUITIES & LIFE INC-PRICED A PUBLIC OFFERING OF $345 MILLION OF ITS 7.95% SENIOR NOTES DUE 2053 Source text for Eikon: Further company coverage:
DES MOINES, Iowa, Nov. 29, 2023 F&G Annuities & Life, Inc. (FG) ?today announced that it priced a public offering of $345 million aggregate principal amount of its 7.95% senior notes due 2053. The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit agreement.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of the members of Government Employees Group. The ratings reflect GEICO?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Blue Cross and Blue Shield of Vermont and its subsidiary, The Vermont Health Plan, LLC.
Fitch: * FITCH: NORTH AMERICAN STEEL RATINGS SUPPORTED BY IMPROVED OPERATIONAL PROFILES. * FITCH: EXPECTS NORTH AMERICAN STEEL DEMAND TO GROW MODESTLY IN 2024. * FITCH ON NORTH AMERICAN STEEL COMPANIES SAYS EXPECTS CONTINUED RECOVERY IN U.S. VEHICLE SALES DRIVEN BY PENT UP DEMAND AS SUPPLY CHAIN BOTTLENECKS EASE.
Third-party evaluation of payment metrics shows a significant impact on active income-generating activity?among refugees and vulnerable host communities in Cohort 1 AMMAN, Jordan, Nov. 29, 2023 /PRNewswire/ -- The IKEA Foundation, Novo?Nordisk Foundation, Norad, the U.S. International Development Finance Corporation, Ferd, and KOIS have received its first payment-linked evaluation results of th...
Fitch: * FITCH SAYS NORTH AMERICAN AND EUROPEAN SECURITIES FIRMS OUTLOOK REMAINS NEUTRAL FOR 2024. * FITCH: EXPECTS NORTH AMERICAN AND EUROPEAN SECURITIES FIRMS TO EXPERIENCE RELATIVELY STABLE PROFITABILITY IN 2024 Source text for Eikon:
* FITCH: EXPECTS A NEUTRAL SECTOR OUTLOOK FOR EMEA UTILITIES IN 2024, FROM IMPROVING IN 2023. * FITCH ON EMEA UTILITIES FORECAST: ELECTRICITY PRICES WILL FOLLOW A DECREASING TREND IN 2024 COMPARED TO PREVIOUS TWO YEARS. * FITCH: EXPECTS DETERIORATING SECTOR OUTLOOK FOR UK WATER NETWORKS IN 2024.
Thermo Fisher Scientific Inc. (TMO) announced today that it has priced an offering of $2.5 billion aggregate principal amount of the following notes: The Offering is expected to close on or about December 5, 2023, subject to the satisfaction of customary closing conditions.
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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