OSI Systems, Inc. (OSIS) today announced its intention to offer, subject to market and other conditions, $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
The Marcus Corporation (MCS), announced today the completion of a private placement offering of $100 million aggregate principal amount of senior notes, and the soon to be completed repurchases and retirement of $86.4 million of aggregate principal amount of senior convertible notes.
AM Best has downgraded the Financial Strength Rating to B from A- and the Long-Term Issuer Credit Rating to ?bb? from ?a-? of New York Schools Insurance Reciprocal. The ratings reflect NYSIR?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
Eaton Vance Municipal Bond Fund (EIM) announced that, in connection with the recent close of the Fund?s cash tender offer on July 9, 2024, the Fund has commenced a four-month measurement period, beginning July 9, 2024 through November 8, 2024, whereby if, during such period, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%, the Fund will conduct a tender offe...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the subsidiaries of Odyssey Group Holdings, Inc.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of ?a? of Aspen Insurance UK Limited, Aspen Bermuda Limited, Aspen American Insurance Company and Aspen Specialty Insurance Company.
Assured Guaranty Ltd. (AGO) announced today that S&P Global Ratings, Kroll Bond Rating Agency and Moody?s Ratings have indicated that they see no change to Assured Guaranty?s financial strength as a result of the expected merger of Assured Guaranty Municipal Corp. into Assured Guaranty Inc.. KBRA KBRA issued a press release on July 8 that said, ?upon the expected August 1, 2024 closing of the merger ...
Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Protector Forsikring ASA. The ratings reflect Protector?s balance sheet strength, which AM Best assesses as 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 Thaire Life Assurance Public Company Limited. The ratings reflect Thaire Life?s balance sheet strength, which AM Best assesses as 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 Reunion Re Compa?ia de Reaseguros S.A.. The outlook of these Credit Ratings is stable.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Aseguradora General, S.A.. In addition, AM Best has revised the Long-Term ICR to stable from positive.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Bosna Reosiguranje d.d. Sarajevo. The ratings reflect Bosna Re?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.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of CCR RE. The ratings reflect CCR RE?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.
Eaton Vance Municipal Bond Fund (EIM) announced today the preliminary results of the Fund?s cash tender offer for up to 20% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on July 9, 2024.
Cinemark Holdings, Inc. (CNK) announced today that its wholly-owned subsidiary, Cinemark USA, Inc., priced a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to eligible purchasers of $500 million aggregate principal amount of its 7.0% Senior Notes due 2032 at the initial offering price of 100.000% of the principal amount plus accrued and u...
Cinemark Holdings, Inc. (CNK) announced today that its wholly-owned subsidiary, Cinemark USA, Inc., plans to commence a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended, to eligible purchasers of $500 million aggregate principal amount of senior notes due 2032.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 21,999,312.33. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. GBP 17,989,952.05. POOL FACTOR.
AM Best has assigned a Financial Strength Rating of B and a Long-Term Issuer Credit Rating of ?bb+? to Reaseguradora Santo Domingo, S.A.. The outlook assigned to these Credit Ratings is stable. The ratings reflect REASANTO?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Jordan Insurance Company Plc.. The ratings reflect JIC?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of JSC Insurance Company Aldagi Group. The Credit Ratings reflect Aldagi?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of EquiTrust Life Insurance Company.
AM Best has removed from under review with positive implications and upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of American Surety Company.
?. City Of Goteborg. SEK 650,000,000.00 MTN. Floating Rate Green Bonds due 2028. Series GB25 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. SEK 6,946,766.67. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20240702017592/en/ Source: Deutsche Bank AG.
Liberty Broadband Corporation (LBRDA) announced today that it has closed its previously announced private offering of $860 million aggregate original principal amount of its 3.125% exchangeable senior debentures due 2054, exchangeable for Charter Communications, Inc. Class A common stock, inclusive of Debentures in an aggregate original principal amount of $60 million issued pursuant to the exercise of...
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb+? to the recently issued $600 million, 6.1% senior unsecured notes, due March 2055, of Fairfax Financial Holdings Limited. The Long-Term Issuer Credit Rating of Fairfax, as well as the ratings of its operating subsidiaries and all other debt issuances are unchanged.
?. AltynGold Plc AIX Bond Programme In order to maintain funding flexibility and take advantage of attractive domestic financing conditions, AltynGold is pleased to announce the listing of a bond program on the Astana International Exchange for up to a $100m to be issued in tranches.
XP Inc. (XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced that on June 27, 2024 it priced an offering of US$500 million aggregate principal amount of 6.750% senior unsecured notes due 2029.
New fixed income ETFs build on success of $7B PGIM Ultra Short Bond ETF and PGIM?s existing retail municipal bond strategies1 PGIM,2 the $1.34 trillion global investment management business of Prudential Financial, Inc. (PRU), has launched two new actively managed exchange-traded funds ? the PGIM Ultra Short Municipal Bond ETF and the PGIM Municipal Income Opportunities ETF ? on the NYSE Arca.
Insured Bonds are Part of a $2.55 Billion Issue Assured Guaranty Municipal Corp.* has, for the second time, insured $800 million of senior Special Facilities Revenue Bonds issued by the New York Transportation Development Corporation on behalf of JFK New Terminal One, a consortium comprising Ferrovial Airports, JLC Infrastructure, Ullico Infrastructure Fund and Carlyle Group.
Essent Group Ltd. (ESNT) today announced that it has priced its public offering of $500 million aggregate principal amount of senior unsecured notes. The Notes will pay interest semiannually at a rate of 6.250% per year and will mature on July 1, 2029.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the property/casualty subsidiaries of The Hanover Insurance Group, Inc. [NYSE: THG], which are collectively referred to as The Hanover.
SolarEdge Technologies, Inc. (SEDG) today announced the pricing of $300 million aggregate principal amount of 2.25% Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Kentucky Growers Insurance Company. The ratings reflect Kentucky Growers? balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), a leading investor in climate solutions, today announced that it has priced its private offering of $700 million in aggregate principal amount of 6.375% green senior unsecured notes due 2034.
Waste Management, Inc. (WM) today announced that it has priced a public offering of $1,500,000,000 aggregate principal amount of senior notes under an effective shelf registration statement previously filed with the Securities and Exchange Commission, as follows: The notes will be fully and unconditionally guaranteed by the Company?s wholly owned subsidiary, Waste Management Holdings, Inc. The notes...
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $500 million, 5.05% senior unsecured notes, due 2029, of The Allstate Corporation (ALL) [NYSE: ALL]. The outlook assigned to this Credit Rating is stable. This press release relates to Credit Ratings that have been published on AM Best?s website.
SolarEdge Technologies, Inc. (SEDG) today announced its intention to offer, subject to market conditions and other factors, $300 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Aviation Capital Group LLC announced today the closing of its sale of $600 million aggregate principal amount of 5.375% senior unsecured notes due 2029. ?Today?s debt issuance marks another successful 144A offering for ACG and a continuation of our ongoing strategy to efficiently fund the company?s growth,? said Eric Blau, Senior Vice President, Head of Capital Markets and Treasurer of ACG.
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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