AM Best has affirmed the Financial Strength Rating of A and the Long Term Issue Credit Rating of ?a? of the U.S. operating subsidiaries of Global Indemnity Group, LLC (GBLI) [NYSE: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of Global Indemnity..
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced that it has priced the previously announced offering of $35.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 to be issued under an indenture between the Issuer and the bond trustee.
Credit Suisse has received its second ratings downgrade this week, adding further pressure to the beleagured Swiss lender which has been under fire over a series of losses and scandals.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it completed its previously announced private placement of $45 million of 4.57% Series RR senior unsecured notes. As previously announced, the remaining funding of the $45 million of 4.67% Series SS Notes and $20 million of 5.07% Series T MRP Shares will be issued on August 2, 2022.
Carnival PLC (CUK): * CARNIVAL CORPORATION (CCL) & PLC ANNOUNCES PRICING OF $1.0 BILLION SENIOR UNSECURED NOTES DUE 2030 TO REFINANCE 2023 MATURITIES. * CARNIVAL CORP (CCL) - CARNIVAL CORPORATION HAS PRICED PRIVATE OFFERING OF $1.0 BILLION AGGREGATE PRINCIPAL AMOUNT OF 10.5% SENIOR UNSECURED NOTES DUE 2030 Source text for Eikon: Further company coverage:
MIAMI, May 18, 2022 Carnival Corporation (CCL) & plc today announced that Carnival Corporation (CCL) has priced the private offering of $1.0 billion aggregate principal amount of 10.5% senior unsecured notes due 2030.
AM Best has assigned Long-Term Issue Credit Ratings of ?a? to UnitedHealth Group Incorporated?s [NYSE: UNH] recently issued $600 million 3.7% senior unsecured notes, due 2027; $900 million 4% senior unsecured notes, due 2029; $1.5 billion 4.2% senior unsecured notes, due 2032; $2 billion 4.75% senior unsecured notes, due 2052; and $1.0 billion 4.95% senior unsecured notes, due 2062.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of National Life Insurance Company and its wholly owned subsidiary, Life Insurance Company of the Southwest.
LTC Properties, Inc. (LTC), a real estate investment trust that primarily invests in seniors housing and health care properties, today announced that it entered into a Note Purchase Agreement to issue $75 million aggregate principal amount of 3.66% senior unsecured notes.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the primary life insurance subsidiaries of Protective Live Corporation, collectively known as Protective Life.
Faster investor adoption and novel bond ETF applications driving 23% annual growth rate Despite the most challenging fixed income market in decades, BlackRock (BLK) projects that global bond exchange-traded funds assets under management will triple to $5 trillion by 2030.1 The extreme market volatility in the early days of the pandemic reinforced the versatility of bond ETFs.
The investment fraud and securities arbitration law firm of Israels & Neuman, PLC announces that it has filed a Financial Industry Regulatory Authority arbitration claim for investor losses in the GWG L Bonds. GWG L Bonds were investments in life insurance products. However, the GWG investments carried significant risk.
U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive said on Tuesday.
U.S. bond sales by investment-grade issuers will likely decline by around 10% this year as borrowers contend with higher rates and market volatility, a BofA executive said on Tuesday.
Credit Suisse Group AG's credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals. Its outlook was changed to stable from negative, the rating agency said.
Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties today announced that the Company has received an inaugural Investment Grade rating from Moody?s Investor Service of Baa3: stable outlook on its senior unsecured revolving and term loan facility.
Fortis Inc (FTS): * Fortis Inc (FTS). ANNOUNCES PRICING OF SENIOR UNSECURED NOTES. * Fortis Inc (FTS) - PRICED A PUBLIC OFFERING OF $500 MILLION 4.431% SENIOR UNSECURED NOTES DUE MAY 31, 2029 Source text for Eikon: Further company coverage:
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
NEW YORK, May 16, 2022 Safehold Inc. (SAFE), the creator and leader of the modern ground lease industry, announced today that its operating partnership, Safehold Operating Partnership LP, has signed a definitive note purchase and private shelf agreement providing for a private placement of $150 million aggregate principal amount of 5.15% senior unsecured notes due May 13, 2052.
* S&P SAYS ISRAEL RATINGS AFFIRMED AT 'AA-/A-1+'; OUTLOOK STABLE. * S&P, ON ISRAEL, SAYS AGENCY VIEWS THE DIRECT IMPACT OF RUSSIA'S MILITARY INTERVENTION IN UKRAINE AS LIMITED FOR ISRAEL.
* S&P SAYS BURKINA FASO 'CCC+/C' RATINGS AFFIRMED; OFF WATCH ON STABILIZING POST-COUP POLITICAL ENVIRONMENT; OUTLOOK STABLE. * S&P SAYS EXPECT BURKINA FASO AND THE ECONOMIC COMMUNITY OF WEST AFRICAN STATES WILL REACH A CONSENSUS ON BURKINA FASO'S POST-COUP TRANSITION PERIOD. * S&P SAYS EXPECT BURKINA FASO'S RELATIONSHIPS WITH ITS MAIN INTERNATIONAL PARTNERS TO GRADUALLY NORMALIZE.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Republic Insurance Company Limited. The Credit Ratings reflect Republic Insurance?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 Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Insurance Corporation of Barbados Limited. The ratings reflect ICBL?s balance sheet strength, which AM Best assesses as strongest 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 ?bbb+? of Century Insurance Company Limited. The ratings reflect CIC Guam?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.
DBRS Morningstar notes strong financials, an effective brand, and prudent capital positioning Security Benefit, a leader in the U.S. retirement market, today announced that DBRS Morningstar has assigned a Financial Strength Rating of ?A? to Security Benefit Life Insurance Company* and First Security Benefit Life Insurance & Annuity Company of New York.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently announced $500 million, 4.5% 10-year senior unsecured notes, due May 13, 2032, issued by Ameriprise Financial, Inc. (AMP) [NYSE: AMP]. The outlook assigned to the Credit Rating is stable. The proceeds from this debt issuance are expected to be used for general corporate purposes.
Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, announced today that it priced an underwritten public offering of $8 billion in new senior notes.
Willis Towers Watson PLC (WTW): * WTW PRICES OFFERING OF $750,000,000 OF SENIOR NOTES. * Willis Towers Watson PLC (WTW) - PRICING OF A REGISTERED OFFERING BY WILLIS NORTH AMERICA OF $750 MILLION OF 4.650% SENIOR UNSECURED NOTES DUE 2027 Source text for Eikon: Further company coverage:
Willis Towers Watson Public Limited Company, a leading global advisory, broking and solutions company, today announced the pricing of a registered offering by Willis North America Inc., an indirect wholly-owned subsidiary of the Company, of $750,000,000 aggregate principal amount of 4.650% senior unsecured notes due 2027.
NXP Semiconductors NV (NXPI): * NXP SEMICONDUCTORS ANNOUNCES PRICING OF SENIOR UNSECURED NOTES OFFERING. * NXP SEMICONDUCTORS (NXPI) - PRICING OF OFFERING BY UNITS OF $500 MILLION OF 4.400% SENIOR UNSECURED NOTES DUE 2027, $1,000 MILLION OF 5.000% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
NXP Semiconductors N.V. (NXPI) announced today the pricing of an offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. of $500 million aggregate principal amount of 4.400% senior unsecured notes due 2027 and $1,000 million aggregate principal amount of 5.000% senior unsecured notes due 2033.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Reunion Re Compa?ia de Reaseguros S.A.. The outlook of these Credit Ratings is negative.
?. Santander UK PLC. Series 66 GBP 1,000,000,000.00. Floating Rate Covered Bonds due 16 November 2022. Under EUR 35 billion Global Covered Bond Programme. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 2,136,975.34. POOL FACTOR.
Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week.?
ASML (ASML) successfully places inaugural green bond offering for ?500 million Veldhoven, the Netherlands, May 10, 2022 ? ASML Holding NV (ASML) today announces that it has successfully placed its inaugural green bond offering of senior notes for a principal amount of ?500 million.
Submitted New Drug Application for sparsentan in IgA nephropathy in March 2022 Results from Phase 1/2 COMPOSE Study of pegtibatinase in classical homocystinuria presented at the Society for Inherited Metabolic Disorders 43rd Annual Meeting Refinanced $207 million of 2025 convertible notes through offering of $316 million convertible senior notes due 2029 SAN DIEGO, May 05, 2022 -- Travere Thera...
Outflows continue with the Investment Company Institute reporting $5.371 billion pulled from muni bond mutual funds in the week ending April 27.?Exchange-traded funds?saw inflows at $1 billion.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced that it reached a conditional agreement with institutional investors relating to a private placement of $90 million of senior unsecured notes and $20 million of Mandatory Redeemable Preferred Shares. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
Casella Waste Systems, Inc. (CWST), a regional solid waste, recycling and resource management services company, today announced an offering of up to $60.0 million aggregate principal amount of Vermont Economic Development Authority Solid Waste Disposal Revenue Bonds Series 2022 under an indenture between the Issuer and the bond trustee.
Constellation Brands, Inc. (STZ), a leading beverage alcohol company, announced today that it priced the public offering of $1.85?billion aggregate principal amount of Senior Notes, consisting of?$550.0 million of 3.60% Senior Notes due 2024 for a public offering price of 99.941% of the principal amount of the 2024 notes,?$600.0 million of 4.35% Senior Notes due 2027 for a public offering price of 99...
National investment fraud lawyers KlaymanToskes advises GWG Holdings, Inc. L Bondholders to explore their legal options in light of the Texas Bankruptcy Court?s recent order setting a July 2022 claims filing deadline and GWG?s upcoming trading suspension.
** ????? E-House defaulted on $298 million worth of bonds that matured April 18, though it said this week that bondholders had agreed on a restructuring plan. ** ????? The company's default adds to a string of similar missed payments by Chinese developers amid a deepening slump in the nation's property market. By Warren Yang.
The Investment Company Institute reported investors pulled $7.2 billion from municipal bond mutual funds, the largest figure since the outlier months of March 2020 when investors yanked $24 billion in two weeks.
Investors pulled more from municipal bond mutual funds as the Investment Company Institute on Wednesday reported $4.786 billion of outflows, up from $4.459 billion of outflows in the previous week.
Sun Communities, Inc. (SUI), a real estate investment trust that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced that its operating partnership, Sun Communities Operating Limited Partnership, has priced a public offering of $600 million aggregate principal amount of 4.200% senior notes due 2032.
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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