* Bond markets face big stress test from Iran war, OECD says. * AI issuance to make corporate bond markets more 'equity-like' * AI infrastructure funding may pressure credit markets. By Yoruk Bahceli. Inflation is the major risk facing global bond markets, a senior OECD official told Reuters, as energy prices surge following the U.S.-Israeli air war against Iran.
DBS Group, Singapore's biggest bank by assets, said on Wednesday its China unit has been granted a principal underwriting licence for non-financial corporate bonds in China's interbank bond market.
Vertiv Holdings Co (VRT): * VERTIV ANNOUNCES COMPLETION OF $2.1 BILLION SENIOR UNSECURED BOND OFFERING AND $2.5 BILLION SENIOR UNSECURED REVOLVING CREDIT FACILITY Source text: Further company coverage:
Credit rating agency Fitch Ratings downgraded Paramount Skydance (PSKY) and Paramount Global's ratings to junk status late on Monday following the media company's proposed acquisition of Warner Bros Discovery (WBD). In a Monday note, Fitch analysts said they expect Los Angeles-based Paramount to carry "materially elevated leverage" following its successful acquisition of Warner Bros Discovery.
* S&P: SOFTBANK GROUP CORP. OUTLOOK REVISED TO NEGATIVE ON ADDITIONAL INVESTMENT IN OPENAI; 'BB+' RATINGS AFFIRMED. * S&P: THE LIQUIDITY OF SOFTBANK GROUP'S INVESTMENT PORTFOLIO WILL WORSEN BECAUSE OPENAI NOW ACCOUNTS FOR A BIGGER SHARE OF IT. * S&P: SOFTBANK GROUP'S CREDITWORTHINESS OF INVESTMENT ASSETS WILL ALSO LIKELY DETERIORATE.
Electronic Arts (EA) has yet to win enough bondholder support to repurchase its bonds at a steep discount to face value and amend some lending terms, Bloomberg News reported on Thursday, citing firms that plan to acquire the company. A key deadline for the agreement passed earlier this week, the report said.
AstraZeneca PLC (AZN): * AstraZeneca PLC (AZN) - ASTRAZENECA PRICES A $2BN BOND OFFERING. * AstraZeneca PLC (AZN) - ASTRAZENECA PRICES A $2BN BOND OFFERING. * ASTRAZENECA (AZN): EXPECTS TO USE NET PROCEEDS OF OFFERING FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE REFINANCING OF EXISTING INDEBTEDNESS Source text: Further company coverage:
U.S. primary credit markets are now the most competitive on record, based on Barclays' analysis of over one million investor records since 2017, ?driven by high demand for new ?corporate bonds.
U.S. primary credit markets are now the most competitive on record, based on Barclays' analysis of over one million investor records since ?2017, driven by high demand for new ?corporate bonds.
* Nippon Steel's (NISTF) convertible bond offering largest in Japan's corporate history. * Seeks funds to refinance U.S. Steel takeover, to fund investments. By Katya Golubkova. Nippon Steel (NISTF) has decided to ?increase its convertible bond offering to 600 ?billion yen, the biggest in Japan's corporate history, as it seeks to refinance its $15 billion takeover ?of U.S. Steel and fund business expansion.
Investment giant BlackRock (BLK) favours corporate debt due to the higher yields on offer as inflation subsides, it said on Tuesday, and warned that government bond markets are likely to ?be more volatile as countries spend big on ?defence and infrastructure.
Nippon Steel (NISTF) sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief ?Financial Officer Takahiko Iwai said.
Nippon Steel (NISTF) sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel ?prices and technology transfer, Chief Financial Officer Takahiko Iwai ?said.
Moody's forecast annual profit above estimates on Wednesday, betting on sustained demand for its credit ratings amid surging debt issuance. Shares of the company ?rose about 2% in premarket trading.
Mexican retailer Coca-Cola FEMSA ?has placed a ?dual-tranche bond offering in ?the national market worth ?10 billion ?pesos, ?the company said. * The ?company sold ?7 billion pesos in 10-year ?fixed-rate bonds with a ?coupon ?of 9.12%. * A second tranche of ?3 billion pesos ?was issued with a three-year term at a variable rate.
Royal Caribbean Cruises Ltd (RCL): * ROYAL CARIBBEAN GROUP ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
Google parent Alphabet tapped the U.S. high-grade bond market on Monday, adding to a boom in debt funding by AI companies that analysts project will lead to a record-breaking year for corporate debt issuance. Alphabet sold $20 billion in a seven-part series of senior unsecured notes, according to International Financing Review data.
* Alphabet plans additional sterling offering, possibly a 100-year bond. * AI companies rapidly increase borrowing for data center expansion. * U.S. corporate bond issuance expected to reach $2.46 trillion in 2026, Barclays says. By Matt Tracy.
Indonesia's stocks and currency skidded on Friday after Moody's lowered the country's credit rating outlook, the latest jolt for Southeast Asia's largest economy, wiping about $120 billion off its equity market in a turbulent start to the year.
Credit ratings agency Moody's revised Israel's outlook to "stable" from "negative" on Friday, saying that the ?country's exposure to geopolitical risks has materially eased from ?very high levels.
Credit ratings agency ?Moody's revised Israel's ?outlook to "stable" ?from "negative" ?on ?Friday, saying that ?the ?country's exposure to ?geopolitical ?risks ?has materially eased from very ?high levels. The agency affirmed ?Israel's ?local and ?foreign currency ratings at "Baa1".
Brazilian airline Azul secured $1.37 billion in a bond issue, the company said in a securities filing ?on Friday, in a key step toward exiting Chapter 11 bankruptcy proceedings.
India's Muthoot Finance has accepted bids worth $600 million for dollar-denominated bonds maturing in four years and six months, the country's ?largest gold finance company said in a notice to stock exchanges on ?Friday. The company will offer a yield of 5.75% ?to investors, below the initial price guidance ?of 6.1250%, ?two merchant bankers said.
Diversified Energy Co (DEC): * ?DIVERSIFIED ?ENERGY CO - ?DIVERSIFIED ?GAS & ?OIL CORP ?HAS SUCCESSFULLY ?PLACED A USD ?200 ?MILLION ?TAP ISSUE OF ?OUTSTANDING SENIOR SECURED BONDS DUE ?APRIL ?2029. * DIVERSIFIED ?ENERGY CO - TOTAL BOND OUTSTANDING INCREASES TO ?USD 500 MILLION Source text: Further ?company coverage:
Multilateral lender AfreximBank terminated its relationship ?with credit rating ?firm Fitch on Friday, ?due to ?what ?it said was ?a "firm ?belief" that the agency's rating exercise ?no ?longer ?reflected the bank's establishment agreement.
Brazilian investment bank BTG ?Pactual raised $750 ?million with the ?issuance ?of dollar-denominated ?bonds maturing in ?five ?years and priced at ?a 5.50% ?coupon ?and yield, IFR reported on ?Thursday. * The notes issued were senior unsecured, ?IFR ?said. * The company ?intends to use the resources for general business purposes, it ?added.
Connecting Excellence ?Group ?PLC : * ?CONNECTINGEXCELLENCE - ?SETTLEMENT ?OF ?FIRST ?XCE BTC BOND ISSUE. * ?CONNECTING ?EXCELLENCE ?GROUP : RECEIVED SETTLEMENT OF ?10 BITCOIN FOR FIRST ?XCE ?BTC BOND, ?ISSUED ON 31 DECEMBER ?2025 Source text: Further ?company coverage:
U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in ?Netflix (NFLX) and Warner Bros Discovery (WBD) bonds just weeks after the companies announced ?their merger.
U.S. President Donald Trump purchased about $100 million in municipal and corporate bonds from mid-November to late December, his latest disclosures showed, including up to $2 million in ?Netflix (NFLX) and Warner Bros Discovery (WBD) bonds just weeks after the companies announced their ?merger.
* Stocks up 0.5%, FX down 0.1% * Poland's 2025 deficit lower than planned. * IMF plans $8.1 billion lending program for Ukraine- Georgieva. * EM equity funds see record inflows of $9.7 bln - J.P.Morgan. * Lebanon's international bonds near six-year highs. By Ragini Mathur and Twesha Dikshit.
U.S. corporate bond issuance is expected to increase substantially in 2026, driven in part by AI hyperscaler companies' build-out needs, analysts forecast.
* Barclays forecasts $2.46 trillion bond issuance in 2026. * Net issuance to rise 30% from last year. * Big Five hyperscalers expected to borrow $140 billion annually, BofA analysts say. By Matt Tracy. U.S. corporate bond issuance is expected to increase substantially in 2026, driven in part by AI hyperscaler companies' build-out needs, analysts forecast.
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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