Whitecap Resources Inc (SPGYF): * WHITECAP RESOURCES ANNOUNCES $300 MILLION OFFERING OF SENIOR NOTES. * Whitecap Resources Inc (SPGYF): PRICED AN OFFERING OF $300 MILLION PRINCIPAL AMOUNT OF 3.761% SENIOR UNSECURED NOTES DUE JUNE 19, 2028 Source text: Further company coverage:
ARC Resources Ltd (AETUF): * ARC Resources Ltd (AETUF). ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
Hungary's parliament passed Prime Minister Viktor Orban's 2026 election year budget on Tuesday, including steep tax cuts for families, a key demographic for Orban's right-wing Fidesz party, shrugging off concerns over continued weak economic prospects.
Fitch Ratings said on Monday that a spillover from the Israel-Iran conflict appears to be within a range that can be absorbed by Israel's 'A'/Negative rating level. Fitch also said that it expects the risk premium in oil prices arising from the conflict to be contained within the $5-$10 range and that it does not expect the conflict to persist for more than a few weeks.
Eversource Energy (ES): * PUBLIC SERVICE COMPANY OF NEW HAMPSHIRE FILES FOR OFFERING OF $300 MILLION 4.40% FIRST MORTGAGE BONDS, SERIES Y, DUE 2028 - SEC FILING Further company coverage:
Fitch: * FITCH: GHANA RATINGS UPGRADE REFLECTS ASSESSMENT THAT GHANA HAS NORMALISED RELATIONS WITH MAJORITY OF EXTERNAL COMMERCIAL CREDITORS. * FITCH: EXPECT GHANA WILL FULLY COMPLETE ITS EXTERNAL DEBT RESTRUCTURING BY END-2025. * FITCH: PROJECT BANK OF GHANA WILL START CUTTING ITS POLICY RATE IN JULY 2025.
Rithm Capital Corp (RITM): * Rithm Capital Corp (RITM). ANNOUNCES PROPOSED OFFERING OF SENIOR UNSECURED NOTES. * Rithm Capital Corp (RITM) - TO OFFER $500 MILLION SENIOR UNSECURED NOTES DUE 2030. * Rithm Capital Corp (RITM) - PROCEEDS TO REDEEM 6.250% SENIOR UNSECURED NOTES DUE 2025 Source text: Further company coverage:
* S&P SAYS GERMANY 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P: TARIFFS COULD DISPROPORTIONALLY AFFECT GERMANY'S EXPORT-ORIENTED ECONOMY, FOR WHICH U.S. IS MAIN GOODS EXPORT MARKET.
* S&P ON SWEDEN: 'AAA/A-1+' RATINGS AFFIRMED; OUTLOOK STABLE. * S&P : STABLE OUTLOOK REFLECTS SWEDEN'S AMPLE POLICY HEADROOM TO WEATHER IMPACT OF GLOBAL TRADE TENSIONS AND BROADER ECONOMIC UNCERTAINTY.
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI PRICES OFFERING OF $1 BILLION OF GREEN SENIOR UNSECURED NOTES. * HA Sustainable Infrastructure
Capital Inc (HASI) - NOTES SETTLEMENT EXPECTED ON JUNE 24, 2025 Source text: Further company coverage:
Phillips Edison & Co Inc (PECO): * PHILLIPS EDISON (PECO) & COMPANY ANNOUNCES PRICING OF OFFERING OF $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.250% SENIOR UNSECURED NOTES DUE 2032. * Phillips Edison & Co Inc (PECO) - PRICES $350 MILLION OF 5.250% SENIOR UNSECURED NOTES DUE 2032 Source text: Further company coverage:
HA Sustainable Infrastructure
Capital Inc (HASI): * HASI ANNOUNCES CASH TENDER OFFER FOR UP TO $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF 3.375% SENIOR NOTES DUE 2026 AND 8.00% GREEN SENIOR UNSECURED NOTES DUE 2027 Source text: Further company coverage:
* Will cover 6,000 infrastructure assets, CEO says. * To expand and cover 5,000 listed equities in 2026. By Simon Jessop. A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said.
Realty Income Corp (O): * REALTY INCOME PRICES ?1.3 BILLION DUAL-TRANCHE OFFERING OF EURO-DENOMINATED SENIOR UNSECURED NOTES Source text: Further company coverage: ;))
Credit ratings agency Fitch Ratings on Wednesday downgraded Warner Bros Discovery (WBD) to junk status following the company's announced split-up earlier this week, as investors weigh the deal's likely impact on holders of its debt.
Omega Healthcare Investors Inc (OHI) : * OMEGA ANNOUNCES PRICING OF ITS $600,000,000 SENIOR NOTES OFFERING. * Omega Healthcare Investors Inc (OHI) - PRICES AN UNDERWRITTEN PUBLIC OFFERING OF $600 MILLION AGGREGATE PRINCIPAL AMOUNT OF 5.200% SENIOR NOTES DUE 2030 Source text: Further company coverage:
Uniti Group Inc (UNIT): * Uniti Group Inc (UNIT). ANNOUNCES PRICING OF SENIOR NOTES OFFERING. * Uniti Group Inc (UNIT) - PRICES $600 MILLION OF 8.625% SENIOR UNSECURED NOTES DUE 2032 Source text: Further company coverage:
ASX-listed James Hardie proposed on Tuesday a private offering of $1.7 billion senior notes, to be issued in one or more tranches, partly to fund the cash needs for its proposed acquisition of U.S. artificial decking maker AZEK (AZEK). The proceeds will be used to repay and terminate AZEK's (AZEK) existing credit facility, as well as cover transaction fees and related expenses.
Global ratings agency Moody's on Friday cut Nissan Motor Co Ltd's (NSANF) corporate family rating to Ba2 from Ba1, as the embattled Japanese automaker seeks to push through a turnaround. The outlook remains negative, Moody's said.
Vista Energy SAB de CV: * VISTA ENERGY ISSUES $500 MILLION BOND IN INTERNATIONAL MARKET. * VISTA ENERGY SAYS $300 MILLION TO GO TO REPAYING BRIDGE LOAN USED TO PURCHASE LA AMARGA CHICA STAKE, $200 MILLION TO GO TO VACA MUERTA INVESTMENTS Source text: Further company coverage:
* FOOTBALL.ENTERPRISES INC. LAUNCHES $150 MILLION BOND OFFERING TO ACCELERATE INVESTMENTS IN GLOBAL FOOTBALL ECOSYSTEM. * FOOTBALL.ENTERPRISES INC: SERIES A EQUITY RAISE OF MINIMUM $50 MILLION ALSO ANNOUNCED Source text:
* S&P SAYS UKRAINE ISSUE RATING LOWERED TO 'D'; 'SD' FC RATINGS AND 'CCC+/C' LC RATINGS AFFIRMED; LC OUTLOOK STABLE. * S&P: RATING ACTIONS REFLECT MISSED US$0.67 BILLION PAYMENT ON UKRAINE'S 2041 GDP-LINKED SECURITIES. * S&P: DO NOT EXPECT PAYMENT ON UKRAINE'S 2041 GDP-LINKED SECURITIES WITHIN CONTRACTUAL GRACE PERIOD OF 10 BUSINESS DAYS Source text: Further company coverage: [ ]
ASX-listed James Hardie proposed on Tuesday a private offering of $1.7 billion senior notes, to be issued in one or more tranches, to fund the cash needs for its proposed acquisition of U.S. artificial decking maker AZEK (AZEK). The proceeds will be used to repay and terminate AZEK's (AZEK) existing credit facility, as well as cover transaction fees and related expenses.
Pacific Gas and Electric Co : * PACIFIC GAS AND ELECTRIC CO FILES FOR OFFERING OF $400 MILLION 5.000% FIRST MORTGAGE BONDS DUE 2028 - SEC FILING. * PACIFIC GAS AND ELECTRIC CO FILES FOR OFFERING OF $850 MILLION 6.000% FIRST MORTGAGE BONDS DUE 2035 - SEC FILING Source text: Further company coverage:
* MOODY'S: AFFIRMATION OF UKRAINE RATINGS DRIVEN BY EXPECTATION THAT IMPACT OF WAR WITH RUSSIA WILL CONTINUE TO POSE LONG-LASTING CHALLENGES TO ECONOMY. * MOODY'S: EXPECT THAT UKRAINE'S ECONOMY WILL DECELERATE FURTHER IN 2025, WITH REAL GDP GROWTH SLOWING TO 2.5% FROM 2.9% IN 2024.
Moody's Ratings: * MOODY'S - AFFIRMATION OF BRAZIL'S BA1 RATING REFLECTS SUSTAINED SOLID GROWTH OF COUNTRY'S LARGE AND DIVERSIFIED ECONOMY. * MOODY'S: CHANGE IN BRAZIL'S OUTLOOK TO STABLE REFLECTS A TAPERING OF UPSIDE CREDIT RISKS. * MOODY'S: BRAZIL'S ABILITY TO MATERIALLY REDUCE FISCAL VULNERABILITIES & STABILIZE DEBT BURDEN IN SHORT RUN REMAINS CONSTRAINED BY SPENDING RIGIDITY.
Moody's Ratings: * MOODY'S RATINGS UPGRADES NIGERIA'S RATINGS TO B3 AND CHANGES THE OUTLOOK TO STABLE. * MOODY'S: RATINGS UPGRADE REFLECTS SIGNIFICANT IMPROVEMENTS IN NIGERIA'S EXTERNAL AND FISCAL POSITIONS. * MOODY'S- STABLE OUTLOOK MEANS WE EXPECT NIGERIA'S RECENT PROGRESS ON EXTERNAL, FISCAL FRONTS TO CONTINUE, THOUGH AT A SLOWER PACE IF OIL PRICES FALL.
S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to "negative" from "stable", saying U.S. tariffs and tougher competition in China were hurting the company's growth prospects.
The head of Brazil's state development bank BNDES, Aloizio Mercadante, called for on Monday a reduction in the country's benchmark interest rate Selic and proposed higher taxes on online betting.
Credit ratings agency Moody's on Friday upgraded its outlook on Italy to "positive", in a boost to Prime Minister Giorgia Meloni's efforts to tackle strains on the country's finances and manage debt.
* MOODY'S: ITALY OUTLOOK CHANGE TO POSITIVE REFLECTS IMPROVED FISCAL OUTLOOK AGAINST BACKDROP OF A BETTER-THAN-EXPECTED FISCAL PERFORMANCE IN 2024. * MOODY'S: ITALY OUTLOOK CHANGE ALSO REFLECTS STABLE DOMESTIC POLITICAL ENVIRONMENT WHICH INCREASES LIKELIHOOD OF FISCAL METRICS CONTINUING TO IMPROVE.
Moody's on Friday raised its outlook on Italy to "positive" from "stable", citing improved confidence following a "better-than-expected" fiscal performance last year and a "stable" political environment, which will support the government's plans. The credit ratings agency also maintained its "Baa3" rating on Italy.
Moody's: * MOODY'S RATINGS WITHDRAWS THAMES WATER FINANCE PLC'S RATINGS DUE TO INSUFFICIENT INFORMATION. * MOODY'S: RATINGS OF THAMES WATER UTILITIES LTD. & THAMES WATER UTILITIES FINANCE PLC UNAFFECTED BY ACTION ON THAMES WATER FINANCE PLC Source text: Further company coverage:
Fitch: * FITCH: UPGRADE REFLECTS EXPECTATION THAT AIRBUS'S OPERATING PROFITABILITY & FCF GENERATION WILL CONTINUE TO IMPROVE OVER SHORT TO MEDIUM TERM. * FITCH: BELIEVES POTENTIAL INCREASE OF TARIFFS WOULD HAVE A MODERATE IMPACT ON AIRBUS' PERFORMANCE.
SUNRISE COMMUNICATIONS AG: * PRICES NEW EUR 550 MILLION SENIOR SECURED NOTES DUE 2032 TO REFINANCE EXISTING TERM LOANS. * PROCEEDS FROM NEW BOND WILL BE USED TO FULLY REFINANCE EXISTING EUR TERM LOANS B MATURING IN 2029 INCLUDING ASSOCIATED DERIVATIVES, FEES AND EXPENSES.
OCI NV: * ENTERS 2025 WITH POSITIVE MOMENTUM. * DISTRIBUTES USD 1.0 BILLION TO SHAREHOLDERS IN MAY. * NET CASH FROM CONTINUING OPERATIONS AT USD 1,033 MILLION AS OF MARCH 31. * METHANOL SALE TO METHANEX EXPECTED TO CLOSE IN Q2 2025. * SECURED A BINDING SUPPORT AGREEMENT WITH A LARGE GROUP OF BONDHOLDERS REGARDING TREATMENT OF 2033 BONDS.
U.S. junk-rated corporate borrowers have refinanced just $22 billion in high-yield bonds and leveraged loans so far in the second quarter, according to JPMorgan analysts, as heightened market volatility has led many borrowers to hold off refinancing their maturing debt.
B Riley Financial Inc (RILY): * B. RILEY FINANCIAL ANNOUNCES PRIVATE BOND EXCHANGE TO REDUCE DEBT BY APPROXIMATELY $46 MILLION. * B Riley Financial Inc (RILY) - EXCHANGE ELIMINATES OVER $100 MILLION IN 2026 MATURITIES Source text: Further company coverage:
Silver Pegasus Acquisition Corp : * BLANK CHECK CO, SILVER PEGASUS ACQUISITION CORP CUTS THE SIZE OF THE IPO TO UP TO $100 MILLION FROM UP TO $150 MILLION - SEC FILING. * SILVER PEGASUS ACQUISITION CORP - PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE Source text: Further company coverage:
* Investors shrug off Moody's US credit downgrade. * Super long Japanese government bond prices fall sharply. * Dollar drifts as selloff in Treasuries eases. * US share futures slightly lower. * RBA cuts rates as expected, Aussie down 0.5% * CATL debuts in Hong Kong in world's biggest listing this year. By Ankur Banerjee, Johann M Cherian and Alun John.
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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