News Results

  1. BRIEF-TC Energy Says Coastal Gaslink Completes Largest Corporate Bond Offering In Canadian History
    Reuters | 06/13/24 06:46 PM EDT

    TC Energy Corp (TRP): * SAYS COASTAL GASLINK SUCCESSFULLY COMPLETED $7.15 BILLION REFINANCING OF ITS EXISTING CONSTRUCTION CREDIT FACILITY THROUGH A CANADIAN PRIVATE BOND OFFERING OF FIRST LIEN SENIOR SECURED NOTES. * SAYS OFFERING WAS OVERSUBSCRIBED BY APPROXIMATELY 3.6 TIMES, REPRESENTING UNPRECEDENTED DEMAND FOR ENERGY INFRASTRUCTURE THAT IS PART OF CANADA'S LARGEST PRIVATE SECTOR INVESTMENT.

  2. BRIEF-Redwood Trust Prices $85.0 Million Senior Notes Offering
    Reuters | 06/13/24 06:18 PM EDT

    Redwood Trust Inc (RWT): * REDWOOD TRUST PRICES $85.0 MILLION SENIOR NOTES OFFERING. * Redwood Trust Inc (RWT) - PRICING OF AN UNDERWRITTEN PUBLIC OFFERING OF $85 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 9.00% SENIOR NOTES DUE 2029 Source text for Eikon: Further company coverage:

  3. Redwood Trust Prices $85.0 Million Senior Notes Offering
    Business Wire | 06/13/24 05:45 PM EDT

    Redwood Trust, Inc. (RWT) today announced the pricing of an underwritten public offering of $85,000,000 aggregate principal amount of its 9.00% senior notes due 2029.

  4. Piedmont Office Realty Trust Announces Pricing of Senior Notes Offering
    GlobeNewswire | 06/13/24 04:16 PM EDT

    Piedmont Office Realty Trust, Inc. (PDM) announced today that its operating partnership, Piedmont Operating Partnership, LP, has priced an offering of $400 million aggregate principal amount of 6.875% senior unsecured notes due 2029 at 98.993% of the principal amount.

  5. Cocoa climbs back above $10,000 as chocolate industry outlook worsens
    Reuters | 06/13/24 01:12 PM EDT

    World cocoa prices rose back above $10,000 a ton on Thursday, heading towards the year's record peaks as the chocolate industry's supply crisis worsened after top producer Ivory Coast halted bean exports for June and forward sales for next season.

  6. Talen Energy Announces Successful Remarketing of PEDFA Unsecured Municipal Bonds
    PR Newswire | 06/13/24 11:16 AM EDT

    HOUSTON, June 13, 2024 Talen Energy Corporation (TLNE) today announced the successful remarketing of $50,000,000 aggregate principal amount of Pennsylvania Economic Development Finance Authority Exempt Facilities Revenue Refunding Bonds Series 2009B and ?$80,570,000 aggregate principal amount of PEDFA Exempt Facilities Revenue Refunding Bonds Series 2009C.

  7. World Bank to issue $200 million bond to boost Amazon reforestation
    Reuters | 06/13/24 11:00 AM EDT

    The World Bank will issue a new bond expected to raise some $200 million to support reforestation efforts in Brazil's Amazon rainforest, it said on Thursday, choosing banking giant HSBC (HSBC) to structure the transaction.

  8. Far-right policies would be a consideration for French rating - S&P
    Reuters | 06/13/24 10:52 AM EDT

    Ratings agency S&P Global, which recently downgraded France, said on Thursday that policies advocated by the far-right National Rally could have implications for the country's rating.

  9. MicroStrategy To Raise $500M To Boost Bitcoin Holdings
    Benzinga | 06/13/24 10:14 AM EDT

    MicroStrategy (MSTR) on Thursday announced plans to issue $500 million in convertible senior notes due in 2032. What Happened: The proceeds from this offering will be used to acquire more Bitcoin and fund other corporate activities, the company stated.

  10. AM Best Affirms Credit Ratings of Asian Reinsurance Corporation
    Business Wire | 06/13/24 09:49 AM EDT

    AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Asian Reinsurance Corporation. The ratings reflect Asian Re?s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

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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