AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to IQUW Re Bermuda Limited. The ratings reflect IQUW?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. IQUW Re is the group?s Bermuda-domiciled reinsurer.
All amounts in US$ unless otherwise indicated. Capstone Copper Corp. (CSCCF) announces that it has successfully completed the pricing of its offering of $600 million aggregate principal amount of 6.750% senior notes due 2033. Interest on the Notes will accrue from the issue date at a rate of 6.750% per annum and will be payable semi-annually.
AM Best has affirmed the Financial Strength Rating of A-, the Long-Term Issuer Credit Rating of ?a-? and the Vietnam National Scale Rating of aaa.VN of PVI Insurance Corporation. The ratings reflect PVI Insurance?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Pacific International Insurance Pty Limited. The ratings reflect Pacific?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Vietnam National Scale Rating of aaa.VN of Hanoi Reinsurance Joint-Stock Corporation.
All amounts in US$ unless otherwise indicated. Capstone Copper Corp. (CSCCF) announces that it is launching an offering of $500 million aggregate principal amount of senior notes due 2033. The Notes will be senior unsecured obligations of the Company and will be guaranteed by each of the Company?s subsidiaries that guarantees its senior secured revolving credit facility.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Cadence Indemnity Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Cadence?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 ?bb+? of Middle East Insurance Company Plc. The ratings reflect MEICO?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.
STORE Capital LLC, an internally managed net-lease real estate investment trust that invests in Single Tenant Operational Real Estate, announced today that it has priced a $350.0 million offering of 5.40% senior unsecured notes.
Insulet Corporation (PODD), the global leader in tubeless insulin pump technology with its Omnipod? brand of products, has priced a private placement of $450 million aggregate principal amount of senior unsecured notes due 2033.
Newrez LLC aka ?Newrez? a leading mortgage servicer and lender, is pleased to announce that it has obtained ratings and upgrades by Fitch Ratings? affirming the strength of its servicing division.
Insulet Corporation (PODD), the global leader in tubeless insulin pump technology with its Omnipod? brand of products, today announced its intention to offer, subject to market and other conditions, $450 million aggregate principal amount of senior unsecured notes due 2033 in a private placement.
Hyatt Hotels Corporation (H), a leading global hospitality company, announced today the pricing of its public offering of $500,000,000 aggregate principal amount of senior notes due 2028, which will bear interest at a fixed annual rate of 5.050% and $500,000,000 aggregate principal amount of senior notes due 2032, which will bear interest at a fixed annual rate of 5.750%. The offering is expected t...
Alcoa Corporation (AA) announced today that Alumina Pty Ltd, a wholly-owned subsidiary of Alcoa (AA), closed its offering of $500,000,000 aggregate principal amount of 6.125% senior notes due 2030 and $500,000,000 aggregate principal amount of 6.375% senior notes due 2032.
Alcoa Corporation (AA) announces the expiration and expiration date results of its previously announced offer to purchase for cash any and all outstanding 5.500% senior unsecured notes due 2027 issued by Alcoa Nederland Holding B.V., fully guaranteed on an unsecured basis by Alcoa (AA) and certain of its subsidiaries, and the early results of its previously announced offer to purchase for cash outstandi...
RiverNorth Capital Management, LLC, an investment manager and closed-end fund expert specializing in opportunistic strategies, announced that the RiverNorth/Oaktree High Income Fund won the 2025 LSEG Lipper Fund Award for Best General Bond Fund for the five-year period ended November 30, 2024.
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 ?bb? of National Security Fire and Casualty Company.
Alcoa Corporation (AA) announces the consideration to purchase for cash any and all of the outstanding 5.500% senior unsecured notes due 2027 issued by Alcoa Nederland Holding B.V., a wholly-owned subsidiary of Alcoa (AA), fully guaranteed by Alcoa.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Energas Insurance Limited. The ratings reflect ENERGAS? balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
BMAX is a New ETF Offering Investors First-of-Its-Kind Access to Convertible Bonds Utilized for Companies Adding Bitcoin to Balance Sheet REX Shares, a leader in exchange-traded products, announces the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF, a first-of-its-kind fund that provides exposure to convertible bonds issued by companies actively incorporating Bitcoin into the...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of the life insurance subsidiaries of Western & Southern Financial Group, Inc.. The WSFG subsidiaries included in this rating unit are The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, Integrity Life Insurance Company, ...
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.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company and United World Life Insurance Company.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $750 million, 5.2% senior unsecured medium-term notes, due 2035, issued by Prudential Financial, Inc. (PRU) [NYSE: PRU]. The outlook assigned to this Credit Rating is stable.
A10 Networks, Inc. (ATEN) today announced the pricing on March 12, 2025 of its offering of $200,000,000 aggregate principal amount of 2.75% convertible senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
AM Best has affirmed the Long-Term Issuer Credit Ratings of ?a? and the Long- and Short-Term Issuer Credit Ratings of UnitedHealth Group Incorporated (UNH) [NYSE: UNH]. Concurrently, AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term ICRs of ?aa-? of the health and dental insurance subsidiaries of UnitedHealth Group (UNH), collectively referred to as UnitedHealthcare.
A10 Networks, Inc. (ATEN) today announced its intention to offer, subject to market conditions and other factors, $200,000,000 aggregate principal amount of convertible senior notes due 2030 in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under th...
Regulatory News: Legrand today completed a fixed-rate bond issue for an amount of ?500 million with a 10-year maturity and an annual coupon of 3.625%. This operation raises the average maturity of bond debt to 5.7 years, with the next repayment date set for March 6, 2026 for an amount of ?400 million.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York.
Booz Allen Hamilton Holding Corporation (BAH) announced that its wholly-owned subsidiary, Booz Allen Hamilton Inc., has priced $650 million aggregate principal amount of its 5.950% Senior Notes due 2035. The Issuer intends to use the net proceeds of this offering for general corporate purposes and to repay short-term borrowings outstanding under the Revolving Credit Facility.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $650.0 million and $350.0 million, respectively. The net proceeds of the offering are expected to be approximately $988.9 million, after deducting underwriting discounts and estimated offering expenses.
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 Seguros Monterrey New York Life, S.A. de C.V.. The outlook of these Credit Ratings is stable.
Exchange Settlement Date Scheduled for March 12, 2025 Office Properties Income Trust (OPI) today announced the final results for the previously announced private exchange offers to exchange its outstanding senior unsecured notes due 2026, 2027 and 2031 for new 8.000% Senior Priority Guaranteed Unsecured Notes due 2030 and related guarantees pursuant to the terms and conditions set forth in an Offerin...
?. NewHospitals Finance PLC. GBP178,300,000 1.7774 per cent Index Linked. Guaranteed Secured Bonds due 2047. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 50,000.00 IS GBP 679.32. POOL FACTOR.
Convertible Unsecured Notes due 2028 Initially Assigned a BBB+ by Kroll Bond Rating Agency Hercules Capital, Inc. (HTGC), today announced that it has closed a private offering of $287.5 million aggregate principal amount of its 4.750% Convertible Unsecured Notes due 2028, which amount includes the additional $37.5 million aggregate principal amount of Convertible Notes issued pursuant to the initial p...
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating of A+ and the Long-Term ICRs of ?aa-? of Arch Reinsurance Ltd. and its strategic affiliates.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of The Canada Life Assurance Company and its affiliates. The ratings reflect Canada Life?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb? to Popular Re, Inc.. The outlook assigned to these Credit Ratings is stable. The ratings reflect Popular 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.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Morningstar DBRS has upgraded Hercules? investment grade credit and corporate rating to BBB from BBB with a trend revision from Positive to Stabl...
?. Santander UK PLC. Issue of GBP 1,000,000,000.00. Floating Rate Covered Bonds due September 2029. Series No 89 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 12,655,726.03. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,100,000,000.00. Floating Rate Covered Bonds due June 2028. Series 81 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 13,975,545.21. POOL FACTOR.
?. AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Metropolitan Life Insurance Group. The ratings reflect MetLife?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
Forestar Group Inc. (FOR) today announced that it has priced an offering of $500 million aggregate principal amount of 6.500% senior unsecured notes due 2033. The Notes will rank equally in right of payment to all of Forestar?s existing and future senior unsecured debt.
Humana Inc. (HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.231 billion after deducting underwriters? discounts and estimated offering expenses.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Keswick Guaranty, Inc.. The Credit Ratings reflect Keswick?s 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 revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of Grange Insurance Association and its fully reinsured subsidiary, Granwest Property & Casualty.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $750 million, 5.2% 10-year senior unsecured notes, due Feb. 25, 2035, issued by Ameriprise Financial, Inc. [NYSE: AMP]. The outlook assigned to this Credit Rating is stable.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb? to the $750 million, 5.5% senior unsecured notes, due 2035, and the $500 million, 6.0% senior unsecured notes, due 2055, issued by Humana Inc. (HUM) [NYSE: HUM]. The outlook assigned to these Credit Ratings is stable.
TAAA Provides Global Access to High Quality U.S. Dollar-Denominated AAA-rated CLO Bonds Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management, today announced the expansion of its exchange-traded fund offering with the launch of its first actively managed fixed income ETF in Europe: the Eldridge AAA CLO UCITS ETF.
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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