Aker Horizons ASA (AKHOF): * LAUNCHES BUY-BACK OFFER FOR CONVERTIBLE BONDS. * OFFER TO BUY BACK BONDS AT 93% OF PAR VALUE Source text: Further company coverage:
* S&P rates Romania BBB-, outlook negative. * Political turmoil and uncertainty are risks to fiscal consolidation. * Second round of presidential election on May 18. * Fitch likely to cut Romania rating in August, BofA economists say. By Gergely Szakacs and Marc Jones.
Honda Motor Co Ltd (HMC): * S&P: HONDA MOTOR OUTLOOK REVISED TO NEGATIVE ON LIKELY IMPACT OF U.S. TARIFFS; 'A-/A-2' RATINGS AFFIRMED. * S&P: HONDA MOTOR'S PROFITABILITY TO LIKELY DECLINE MORE THAN PREVIOUSLY ASSUMED BECAUSE OF U.S. TARIFF HIKES. * S&P: HONDA MOTOR WILL CONTINUE TO HAVE LESS GLOBAL COMPETITIVENESS IN AUTOMOBILE BUSINESS, IN OUR VIEW.
Commercial Metals Co (CMC): * COMMERCIAL METALS COMPANY ANNOUNCES PRICING OF TAX-EXEMPT BOND FINANCING WITH PROCEEDS OF $150.0 MILLION. * Commercial Metals Co (CMC) - BONDS MATURE IN 2055 Source text: Further company coverage:
The U.S. corporate bond markets were flooded by 17 bond offerings on Tuesday as companies looked to take advantage of a sharp tightening in credit spreads and avoid any market volatility after the U.S. Federal Reserve's rate decision meeting that ends Wednesday. Coffee retailer Starbucks (SBUX), Deutsche Bank, Biogen, and Host Hotels & Resorts (HST) were among the 17 borrowers that issued bonds on Tuesday.
U.S. pharmacy chain Rite Aid intends to file for bankruptcy protection for the second time in two years, and is also planning to cut jobs, Bloomberg News reported on Monday.
General Motors Co (GM): * GENERAL MOTORS OFFERS SENIOR UNSECURED NOTES. * GM: TO USE NET PROCEEDS TO REFINANCE PART OF $1.25 BILLION OUTSTANDING 6.125% SENIOR NOTES & PART OF $1.8 BILLION 5-YEAR TERM LOAN TO ULTIUM CELLS Source text: Further company coverage:
Apple (AAPL) on Monday announced a four-tranche bond offering, its first in two years, with proceeds expected to be used to repurchase stock, repay outstanding debt among other purposes, according to its SEC filing. The size of the bond offering was not stated at launch but CreditSights analysts expect it to raise nearly $5 billion to $6 billion.
Builders FirstSource Inc (BLDR): * BUILDERS FIRSTSOURCE LAUNCHES OFFERING OF $500 MILLION OF SENIOR NOTES DUE 2035. * Builders FirstSource Inc (BLDR) - PROCEEDS TO REPAY INDEBTEDNESS UNDER ABL FACILITY Source text: Further company coverage:
Entergy Arkansas LLC (EAI): * ENTERGY ARKANSAS LLC FILES FOR OFFERING OF FIRST MORTGAGE BONDS, 5.45% SERIES DUE JUNE 1, 2034; SIZE NOT DISCLOSED - SEC FILING Source text: Further company coverage:
-The U.S. Federal Reserve's incoming vice chair for supervision is seeking to review the confidential ratings for the health of the country's biggest banks, the Wall Street Journal reported on Friday.
The U.S. Federal Reserve's incoming vice chair for supervision is seeking to review the confidential ratings for the health of the country's biggest banks, the Wall Street Journal reported on Friday.
-S&P Global Ratings revised the credit outlook for Australia's Woodside to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project. Woodside deciding to proceed with the project without a material sell-down of its offtake exposure has eroded ratings headroom, the rating agency said.
S&P Global Ratings revised the credit outlook for Australia's Woodside to "negative" from "stable" on Thursday after the energy company reached a final investment decision of $17.5 billion on its Louisiana liquefied natural gas project. Woodside deciding to proceed with the project without a material sell-down of its offtake exposure has eroded ratings headroom, the rating agency said.
-U.S. corporate bond markets are showing signs of caution about the economy and inflation despite a rebound in new issuances and credit spreads in the weeks since President Donald Trump first announced harsh tariffs and then provided temporary relief on them, bond market experts said. Some 15 investment-grade companies, including Google's parent Alphabet, issued new bonds on Monday.
Moody's: * MOODY'S RATINGS CHANGES THAILAND'S OUTLOOK TO NEGATIVE FROM STABLE; AFFIRMS BAA1 RATINGS. * MOODY'S: DECISION TO CHANGE OUTLOOK TO NEGATIVE FROM STABLE CAPTURES RISKS THAT THAILAND'S ECONOMIC & FISCAL STRENGTH WILL WEAKEN FURTHER. * MOODY'S: US TARIFFS ARE LIKELY TO WEIGH SIGNIFICANTLY ON GLOBAL TRADE & GLOBAL ECONOMIC GROWTH, AND WILL AFFECT THAILAND'S OPEN ECONOMY.
-S&P has removed Boeing's (BA) rating from CreditWatch negative on improving aircraft production and lower cash burn, the global ratings agency said on Monday. The U.S. planemaker's rating was placed on CreditWatch negative after about 33,000 of its workers went on a strike, which halted production of its best-selling jets.
S&P has removed Boeing's (BA) rating from CreditWatch negative on improving aircraft production and lower cash burn, the global ratings agency said on Monday. The U.S. planemaker's rating was placed on CreditWatch negative after about 33,000 of its workers went on a strike, which halted production of its best-selling jets.
U.S. corporate bond spreads tightened to a four-week low late last week as concerns surrounding a near month-long global trade war appeared to calm. Market risk stemming from President Donald Trump's trade policies has rocked the U.S. corporate bond market for several weeks following an April 2 announcement of widespread tariffs.
* MOODY'S: CHANGE IN OUTLOOK REFLECTS DOWNSIDE RISKS TO CAMBODIA'S GROWTH PROSPECTS, GIVEN UNCERTAINTY SURROUNDING US TRADE POLICY & SWEEPING TARIFFS Source text: Further company coverage: [ ]
Toyota Motor Corp (TM): * TOYOTA MOTOR TO ISSUE 300 BILLION YEN BONDS TO FINANCE CAPITAL EXPENDITURE, OPERATION - FILING Source text: https://disclosure2dl.edinet-fsa.go.jp/searchdocument/pdf/S100VNT2.pdf Further company coverage:
Fitch on Jet Blue: * FITCH REVISES JETBLUE'S OUTLOOK TO NEGATIVE; AFFIRMS IDR AND EETC RATINGS. * FITCH ON JETBLUE: OUTLOOK REVISION REFLECTS ANTICIPATED IMPACT OF SOFTENING DOMESTIC LEISURE TRAVEL DEMAND. * FITCH: ANTICIPATES LOW-COST CARRIERS SUCH AS JETBLUE TO BE AT DISADVANTAGE COMPARED TO FULL-SERVICE AIRLINES AMID WEAKER DOMESTIC TRAVEL DEMAND.
Carnival PLC (CUK): * Carnival PLC (CUK) - NOTICE OF REDEMPTION FOR $350 MILLION OUTSTANDING PRINCIPAL AMOUNT OF $1.4 BILLION 7.625% SENIOR UNSECURED NOTES DUE 2026- SEC FILING Further company coverage:
Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Turkey during a visit to the United States this week. "I will be in America this week for the IMF, World Bank and G20 meetings.
Turkish Finance Minister Mehmet Simsek said he will meet with rating agencies, investors and companies planning to shift supply to Turkey during a visit to the United States this week. "I will be in America this week for the IMF, World Bank and G20 meetings.
Fitch: * FITCH: STILL EXPECTS FEDERAL RESERVE TO WAIT UNTIL 4Q25 BEFORE CUTTING RATES DESPITE DETERIORATING US GROWTH OUTLOOK. * FITCH: WE NOW EXPECT DEEPER RATE CUTS FROM ECB AND IN EMERGING MARKETS. * FITCH: EXPECT SOME ADDITIONAL US TARIFF REVENUES TO BE RECYCLED BACK INTO US ECONOMY OVER NEXT 18 MONTHS, INCLUDING THROUGH TAX CUTS.
India's Toyota Financial Services has accepted bids worth 5
billion rupees ($58.29 million) for bonds maturing in three years and two months, three bankers
said on Tuesday.
The company will ...
* S&P: HUNGARY OUTLOOK REVISED TO NEGATIVE FROM STABLE ON FISCAL AND EXTERNAL RISKS; 'BBB-/A-3' RATINGS AFFIRMED. * S&P: VOLATILE EXTERNAL ECONOMIC CONDITIONS, UNCERTAINTY ON EU INFLOWS, RETURNING INFLATION COMPLICATE HUNGARY POLICYMAKING, RAISING STAGFLATION RISKS.
S&P: * S&P SAYS ITALY RATING RAISED TO 'BBB+' ON EXTERNAL BUFFERS AND MONETARY FLEXIBILITY; OUTLOOK STABLE; 'A-2' RATING AFFIRMED. * S&P: WE SEE MITIGATING FACTORS THAT MAY PARTIALLY OFFSET IMPACT OF DECLINING GLOBAL DEMAND THIS YEAR ON ITALY'S GDP. * S&P: PROJECT ITALY'S DEBT WILL START TO DECLINE BY 2028. * S&P: EU-FUNDED PROJECTS WILL HELP ITALY MITIGATE TRADE SHOCK.
Keysight Technologies Inc (KEYS): * KEYSIGHT TECHNOLOGIES ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
Four companies tapped the U.S. corporate bond market on Thursday after financial markets got a brief lift from the Trump administration's Wednesday pause on tariffs on some countries.
FITCH: * FITCH: BAHAMAS' RATINGS REFLECT HIGH GDP PER CAPITA AND STRONG GOVERNANCE. * FITCH: BAHAMAS RATINGS CONSTRAINED BY HIGH INTEREST & DEBT BURDENS RELATIVE TO PEERS Source text:
* U.S. corporate bond market quiets on tariff war, Treasury market volatility. * Bond spreads widen most in week after tariffs since first week of March 2023 regional bank stress. * Five to six companies stay on sidelines after volatility, syndicate banker says. By Matt Tracy.
-U.S. corporate bond market issuances have dried up after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's sweeping tariffs widened the most since the 2023 regional banking crisis.
The U.S. corporate bond market has shut again after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's Liberation Day tariffs have widened the most since 2023's regional banking crisis.
* * 'Reciprocal' tariffs came into effect on Wednesday. * Asian equities, Treasuries down sharply in Asian hours. * Share sales, bond deals hit across Asia. SEOUL, April 9 - South Korean battery maker Samsung SDI, is cutting by 14% the price of new shares it will sell to raise 2 trillion won, as the global markets' selloff triggered by U.S. tariff fears hit corporate deals across Asia.
OCI NV: * OCI GLOBAL ANNOUNCES AGREEMENT WITH BONDHOLDERS. * OCI NV - TO LAUNCH TENDER OFFER FOR BONDS AT 110.75% OF PAR WITHIN 5 DAYS OF CLOSING OF METCO DEAL, BONDHOLDER GROUP AGREES TO SUPPORT Source text: Further company coverage:
Paychex (PAYX) announced the sale of a three-part bond on Tuesday, the first corporate bond offering to be launched since primary markets dried up after Trump imposed sweeping tariffs on U.S. imports last Wednesday. Paychex (PAYX), a provider of human resources, employee benefit and payroll services, is using the bond to pay for its $4.1 billion acquisition of Paycor HCM (PYCR), announced in January.
* Japanese companies postpone bond sales due to market volatility. * U.S. tariffs spark fears of trade war, affecting global markets. * Market uncertainty impacts capital raising deals across Asia. By Miho Uranaka and Anton Bridge.
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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