News Results

  1. S&P lifts SoftBank's credit outlook to positive on Arm IPO
    Reuters | 09/20/23 10:25 PM EDT

    S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group (SFTBF) to positive from stable after the initial public offering of British chip designer, Arm Holdings, its largest asset, last week. S&P said the listing has led to a substantial improvement in the liquidity of SoftBank's investment portfolio and that this is likely to endure for the next year or so.

  2. BRIEF-Sunnova Announces Proposed Private Offering Of $400 Million "Green Bond"
    Reuters | 09/20/23 07:28 AM EDT

    Sunnova Energy International Inc (NOVA) : * SUNNOVA ANNOUNCES PROPOSED PRIVATE OFFERING OF $400 MILLION "GREEN BOND" * SUNNOVA ENERGY CORPORATION - INTENDS TO OFFER, SUBJECT TO MARKET CONDITIONS, $400 MILLION OF GREEN SENIOR NOTES DUE 2028 Source text for Eikon: Further company coverage:

  3. India's Akasa Air cuts flights as pilots quit, flags shutdown risk in court
    Reuters | 09/20/23 07:11 AM EDT

    Indian budget carrier Akasa Air has been forced to cut flights in the short-term after many of its pilots quit abruptly, sparking a legal dispute in court where the company has warned that further resignations may even force it to shut down.

  4. Moody's enters Vietnam rating market with joint venture
    Reuters | 09/20/23 05:53 AM EDT

    Vietnam's finance ministry has issued a license to a credit rating agency co-owned by U.S. giant Moody's, the company said, allowing for the first time a U.S. firm to get involved in the rating of domestic issuers of corporate bonds.

  5. Chinese EV maker Nio raises $1 billion in convertible bond deal
    Reuters | 09/19/23 08:35 PM EDT

    Chinese electric vehicle maker Nio Inc (NIO) said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond. The bonds will be senior, unsecured notes.

  6. Chinese EV maker Nio raises $1 bln in convertible bond deal
    Reuters | 09/19/23 08:32 PM EDT

    Chinese electric vehicle maker Nio Inc (NIO) said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond. The bonds will be senior, unsecured notes.

  7. BRIEF-S&P Says Sri Lanka Local Currency Ratings Lowered To 'SD' From 'CC/C'
    Reuters | 09/19/23 06:47 AM EDT

    S&P: * S&P SAYS SRI LANKA LOCAL CURRENCY RATINGS LOWERED TO 'SD' FROM 'CC/C' * S&P: ALSO LOWERED TO 'D' ISSUE RATING ON SRI LANKA'S OCTOBER 2023 LOCAL CURRENCY BOND. * S&P- AFFIRMED OTHER RATINGS ON SRI LANKA, INCLUDING 'SD' LONG-TERM FOREIGN CURRENCY RATING. * S&P SAYS LOWERED LOCAL CURRENCY LONG-TERM RATING ON SRI LANKA AFTER GOVERNMENT'S CONFIRMATION OF DOMESTIC DEBT RESTRUCTURING EXERCISE.

  8. BRIEF-Interstate Power And Light Company Prices Debt Offering
    Reuters | 09/18/23 08:22 PM EDT

    Alliant Energy Corp (LNT): * INTERSTATE POWER AND LIGHT COMPANY PRICES DEBT OFFERING. * Alliant Energy Corp (LNT)- INTERSTATE POWER AND LIGHT, SUBSIDIARY OF CO ANNOUNCED PRICING OF OFFERING OF $300 MILLION AMOUNT OF 5.700% SENIOR DEBENTURES Source text for Eikon: Further company coverage:

  9. BRIEF-Pennymac Mortgage Investment Trust Announces Pricing Of Public Offering Of Senior Notes
    Reuters | 09/18/23 06:01 PM EDT

    PennyMac Mortgage Investment Trust (PMT): * PENNYMAC MORTGAGE INVESTMENT TRUST ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR NOTES. * PennyMac Mortgage Investment Trust (PMT) - PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $50 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 8.50% SENIOR NOTES DUE 2028 Source text for Eikon: Further company coverage:

  10. BRIEF-Pennymac Mortgage Investment Trust Announces Public Offering Of Senior Notes
    Reuters | 09/18/23 08:28 AM EDT

    PennyMac Mortgage Investment Trust (PMT) : * PENNYMAC MORTGAGE INVESTMENT TRUST ANNOUNCES PUBLIC OFFERING OF SENIOR NOTES. * PennyMac Mortgage Investment Trust (PMT) - COMMENCING AN UNDERWRITTEN PUBLIC OFFERING OF SENIOR NOTES DUE 2028.

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.

fir_news_results