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.
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.
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.
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.
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.
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.
?. SEGRO plc (SEGXF) has arranged a US private placement of ?225 million 15 and 20 year senior unsecured notes with a group of institutional investors. The issue consists of two tranches, both of which will be drawn down in September 2022: This translates to a weighted average coupon of 4.08 per cent and a weighted average maturity of 18.9 years.
Regulatory News: SEGRO plc has arranged a US private placement of ?225 million 15 and 20 year senior unsecured notes with a group of institutional investors. The issue consists of two tranches, both of which will be drawn down in September 2022: This translates to a weighted average coupon of 4.08 per cent and a weighted average maturity of 18.9 years.
AM Best has removed from under review with developing implications and downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Triple-S Blue.
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 Oregon Dental Services.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of WestGUARD Insurance Company, AmGUARD Insurance Company, EastGUARD Insurance Company, NorGUARD Insurance Company and AZGUARD Insurance Company, which operate under an intercompany pooling agreement.
Enviva Inc. (EVA) today announced that the Industrial Development Authority of Sumter County, Alabama, intends to issue its Exempt Facilities Revenue Bonds, Series 2022 in the aggregate principal amount of $250,000,0001.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the property/casualty subsidiaries of The Hanover Insurance Group, Inc. (THG) [NYSE: THG], which are collectively referred to as The Hanover.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Multinational Insurance Company. The ratings reflect Multinational?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.
DBRS Morningstar has assigned BlueShore Financial Credit Union a rating of a Long-Term Issuer Rating of BBB and a Short-Term Issuer Rating of R-1. The rating reflects BlueShore Financial?s strong franchise position, asset quality, risk profile and prudent levels of liquidity and capital.
Entegris (ENTG), Inc. today announced that its wholly-owned subsidiary, Entegris Escrow Corporation priced its previously announced private offering of $895,000,000 aggregate principal amount of 5.950% senior unsecured notes due 2030 at a price of $908.32 per $1,000 principal amount.
AM Best has assigned a Long-Term Issuer Credit Rating of ?aa-? to Sammons Financial Group Global Funding. SFG Global Funding is a new statutory trust organized in Delaware created to issue senior secured medium-term notes collateralized by funding agreements issued to it by Midland National Life Insurance Company, an Iowa-domiciled life insurance company that is part of Sammons Financial Group.
AM Best has downgraded the Financial Strength Rating to B+ from A- and the Long-Term Issuer Credit Rating to ?bbb-? from ?a-? of Kelvin Re Limited. The ratings reflect Kelvin 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 ?aa? of Mitsui Sumitomo Insurance Company, Limited. AM Best also has affirmed the FSR of A+ and the Long-Term ICR of ?aa? of Aioi Nissay Dowa Insurance Company Limited. In addition, AM Best has affirmed the FSR of A- and the Long-Term ICR of ?a-? of Aioi Nissay Dowa Insurance Company Limited.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the CAD 1.0 billion, 7.117% subordinated notes, due June 19, 2082, recently announced by Manulife Financial Corporation (MFC) [NYSE: MFC]. The outlook assigned to the Credit Rating is stable.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb-? of Palomar Holdings, Inc. [NASDAQ: PLMR], the ultimate parent and insurance holding company of Palomar Specialty Insurance Company, Palomar Excess and Surplus Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd.. Concurrently, AM Best has affirmed the Financial Strength Rating of A- and the Long-Term ICRs of ?...
Entegris (ENTG), Inc. today announced that its wholly-owned subsidiary, Entegris Escrow Corporation, intends to offer senior unsecured notes due 2030, subject to market and customary conditions.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the operating subsidiaries of Everest Re Group, Ltd.. Concurrently, AM Best has affirmed the Long-Term ICRs of ?a-? of Everest Re Group, Ltd. [NYSE: RE] and Everest Reinsurance Holdings, Inc.. Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings of Everest Reinsurance Ho...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa? of Caisse Centrale de R?assurance. The ratings of CCR reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favourable 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 Armed Forces Insurance Exchange. The ratings reflect AFIE?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has revised the outlook of the Long-Term Issuer Credit Rating to stable from negative and affirmed the Financial Strength Rating of B and the Long-Term ICR of ?bb+? of Kenya Reinsurance Corporation Limited.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of United Overseas Insurance Limited. The ratings reflect UOI?s balance sheet strength, which AM Best assesses as very strong, as well as its very 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 National Reinsurance Corporation of the Philippines. The ratings reflect Nat Re?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.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Hyundai Marine & Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable 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 members of Old Republic Insurance Companies.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Ratings of ?bbb-? of Wisconsin Reinsurance Corporation and 1st Auto & Casualty Insurance Company, collectively referred to as Wisconsin Reinsurance Group.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb? of Milli Reasurans Turk Anonim Sirketi.
AM Best has upgraded the Financial Strength Rating to B+ from B and the Long-Term Issuer Credit Ratings to ?bbb-? from ?bb+? of Anchor General Insurance Company and Pacific Star Insurance Company, which is a subsidiary of Anchor General.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Bangkok Insurance Public Company Limited. The ratings reflect BKI?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 affirmed the Long-Term Issuer Credit Rating of ?a-? of W. R. Berkley Corporation (WRB) [NYSE: WRB] and all associated Long-Term Issue Credit Ratings and indicative Long-Term IRs for securities issued by W. R. Berkley.
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 Berkley International Seguros Mexico 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 ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Berkley International Fianzas Mexico S.A.. The outlook of these Credit Ratings is stable.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Ratings to ?a-? from ?bbb+? of Stonetrust Commercial Insurance Company and its reinsured subsidiary, Stonetrust Premier Casualty Insurance Company.
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KB Home (KBH) today announced that it has priced an offering of $350.0 million in aggregate principal amount of its 7.25% senior unsecured notes due 2030.
Cabot Corporation (CBT) today announced that it priced a public offering of $400 million of 5.000% senior unsecured notes due 2032. J.P. Morgan, Mizuho Securities, US Bancorp, Citigroup, Wells Fargo Securities, TD Securities and PNC Capital Markets LLC are the joint bookrunning managers for the offering.
SES S.A. today announced the successful launch and pricing of a bond offering in which the company has agreed to sell senior unsecured fixed rate notes due in 2029 for a total amount of EUR 750 million. SES is rated Baa2, negative outlook by Moody?s and BBB, stable outlook by Fitch.
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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