ATS Corporation (ATS) confirmed today that it has successfully closed its previously announced private placement offering of C$400 million aggregate principal amount of 6.50% senior unsecured notes due August 21, 2032.
CINCINNATI, Aug. 20, 2024 The Kroger Co. (KR) announced today that it has priced a public offering in an aggregate principal amount of $1.0 billion of its 4.700% Senior Notes due 2026 at a price of 99.996 percent of par; $1.0 billion of its 4.600% Senior Notes due 2027 at a price of 99.980 percent of par; $1.4 billion of its 4.650% Senior Notes due 2029 at a price of 99.895 percent of par; $1.3 bill...
Green Bond Report Showcases Impactful Sustainability Projects and Progress Toward a Carbon-Neutral Future?. ATLANTA, Aug. 20, 2024 /PRNewswire/ -- Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, proudly announces the successful completion of its Green Bond financial commitments.
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of ?a-? to Omaha National Casualty Company. The ratings of ONCC reflect its role as a member of ONG and the explicit support provided to ONCC through the implementation of an intercompany pooling agreement with ONIC, the lead company of ONG.
?. Australia and New Zealand Banking Group. Issue of EUR 1,500,000,000.00. Floating Rate Senior Unsecured Notes due May 2027. Series no 2123 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. INTEREST AMT PER DENOM. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. EUR 1,000.00 IS EUR 10.1. POOL FACTOR.
Chinese property company Kaisa Group on Tuesday announced an offshore debt restructuring agreement with a key group of bondholders, swapping existing debt into new notes and shares in the company. The Shenzhen-based developer has been working to restructure its offshore debt since defaulting on $12 billion in offshore bonds in late 2021.
SAN DIEGO, Aug. 19, 2024 Realty Income Corporation (O), The Monthly Dividend Company?, today announced the pricing of a public offering of $500 million of 5.375% senior unsecured notes due 2054. August 26, 2024, subject to the satisfaction of customary closing conditions.
Roper Technologies, Inc. (ROP) announced today the pricing of its public offering of $500 million of 4.500% Senior Notes due 2029, $500 million of 4.750% Senior Notes due 2032, and $1 billion of 4.900% Senior Notes due 2034.
Essex Property Trust, Inc. (ESS) announced today that its operating partnership, Essex Portfolio, L.P., priced an underwritten public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110%. The notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $350 million of 5.500% senior notes due 2034.
Chimera Investment Corporation (CIM/PA) announced today that it has closed its previously announced underwritten public offering of $74.75 million aggregate principal amount of its 9.250% senior notes due 2029. ?Today?s bond offering, our second for 2024, brings our total unsecured debt raise for the year to $140 million,? said Phillip J. Kardis II, President and CEO.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Kroll Bond Rating Agency, Inc. has reaffirmed Hercules? investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing ...
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Kenya Reinsurance Corporation Limited. The ratings reflect Kenya Re?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and weak enterprise risk management.
BlackRock (BLK) announced today the planned termination of the iShares? iBonds? Oct 2024 Term TIPS ETF, which possesses the following timelines for trading, net-asset value calculation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs across treasuries, municipal bonds and both investment-grade and hig...
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Ratings of ?bb? of American Federated Life Insurance Company and American Federated Insurance Company.
Fitch: * FITCH RATES CALIFORNIA'S $2.5B GOS 'AA'; OUTLOOK STABLE. * FITCH: ALSO AFFIRMED CALIFORNIA'S LONG-TERM ISSUER DEFAULT RATING AND GO BOND RATING AT 'AA' Source text for Eikon:
CALGARY, AB, Aug. 16, 2024 Parkland Corporation (PKIUF) announced today the closing of its previously announced private offering of US$500 million aggregate principal amount of 6.625% senior unsecured notes due 2032. Parkland will use the net proceeds of the offering for the repayment of a portion of the outstanding drawings under its credit facilities.
S&P lowered its outlook on Warner
Bros Discovery (WBD) on Friday to "negative" from "stable", citing declines in the media company's cable TV business due to a tough advertising market and cord-cutting. The ratings agency said the move reflected its expectation that Warner Bros Discovery's (WBD) debt levels would stay high as the traditional TV declines weigh on the company's cash flow.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Fidelidade Mo?ambique - Companhia de Seguros, S.A.. The outlook of these Credit Ratings is stable.
The spate of regulatory investigations into wealth managers' cash sweep programs could hurt their credit ratings, Moody's warned on Thursday, underscoring the threat to the high-margin business for firms like Morgan
Stanley (MS) and Wells Fargo (WFC). WHY IT'S IMPORTANT.
Bitdeer Technologies Group (BTDR), a world-leading technology company for blockchain and high-performance computing, today announced the pricing of its underwritten public offering of US$150,000,000 aggregate principal amount of 8.50% convertible senior notes due 2029.
SECAUCUS, N.J., Aug. 15, 2024 Quest Diagnostics Incorporated , a leader in diagnostic information services, today announced the pricing of a public offering of $400 million aggregate principal amount of its 4.600% senior notes due 2027, $600 million aggregate principal amount of its 4.625% senior notes due 2029 and $850 million aggregate principal amount of its 5.000% senior notes due 2034 und...
BXP Inc (BXP): * BXP PRICES $850 MILLION OFFERING OF SENIOR UNSECURED NOTES. * BXP Inc (BXP) - BPLP INTENDS TO USE PROCEEDS FOR DEBT REPAYMENT. * BOSTON PROPERTIES INC: AGREED TO SELL $850.0 MILLION OF 5.750% SENIOR UNSECURED NOTES DUE 2035 Source text for Eikon: Further company coverage:
BXP, Inc. (BXP) , the largest publicly traded developer, owner and manager of premier workplaces in the United States, announced today that its operating partnership, Boston Properties Limited Partnership, has agreed to sell $850.0 million of 5.750% senior unsecured notes due 2035 in an underwritten public offering through J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC,...
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 United Fire Group, Inc. (UFCS) [NASDAQ: UFCS], which operate under an intercompany pooling agreement led by United Fire (UFCS) & Casualty Company.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of ?B++? 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 management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Aflac Life Insurance Japan, Ltd., American Family Life Assurance Company of Columbus, American Family Life Assurance Company of New York and Continental American Insurance Company.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to PT KB Insurance Indonesia. The ratings reflect KB Indonesia?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 downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb? from ?bbb-? of Premier Insurance Company Limited. The Credit Ratings reflect Premier?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
Bitdeer Technologies Group (BTDR), a world-leading technology company for blockchain and high-performance computing, today announced a proposed registered underwritten public offering by the Company of US$150,000,000 aggregate principal amount of its convertible senior notes due 2029, subject to market and other conditions. The Notes will be senior, unsecured obligations of the Company.
Logic suggests that U.S. companies will benefit when the Fed's interest rate-cutting cycle gets underway, because they will pay less to service their debt, but counterintuitively, they may not see much of a net benefit at all this time around. When the Fed raised rates between March 2022 and July 2023, corporate America's net interest payments actually fell.
ATS Corporation (ATS) announced today that it has entered into an underwriting agreement to sell, pursuant to a private placement offering, C$400 million aggregate principal amount of 6.50% senior unsecured notes due 2032, which aggregate principal amount of Notes was upsized from the initial deal size of C$300 million.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Mennonite Mutual Insurance Company. The ratings reflect MMIC?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 Ratings of ?aa+? of United States Liability Insurance Company and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company; Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company.
Marathon Digital Holdings, Inc. (MARA), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing of its offering of 2.125% convertible senior notes due 2031.
AM Best has affirmed the Financial Strength Rating of B- and the Long-Term Issuer Credit Rating of ?bb-? of Egyptian Takaful Property & Liability Insurance Company. The ratings reflect EGTAK?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for July 2024. North American corporate requests totaled 6,391 in July, which is down 2.6% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? fell 18.1% versus June totals.
Logic suggests that U.S. companies will benefit when the Fed's interest rate-cutting cycle gets underway, because they will pay less to service their debt, but counterintuitively, they may not see much of a net benefit at all this time around. When the Fed raised rates between March 2022 and July 2023, corporate America's net interest payments actually fell.
- Foreign investors were net buyers of Asian bonds for the third consecutive month in July, spurred by strong regional export growth and expectations of a September rate cut by the U.S. Federal Reserve.
Foreign investors were net buyers of Asian bonds for the third consecutive month in July, spurred by strong regional export growth and expectations of a September rate cut by the U.S. Federal Reserve.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced the pricing of its offering of $400 million aggregate principal amount of 3.00% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Kayne Anderson Energy Infrastructure Fund, Inc. (KYN) announced today that it reached an agreement with institutional investors relating to a private placement of $70 million of senior unsecured notes and $30 million of mandatory redeemable preferred shares. Net proceeds will be used to refinance existing leverage and for general corporate purposes.
Cousins Properties Inc (CUZ): * COUSINS PROPERTIES ANNOUNCES PRICING OF SENIOR NOTES OFFERING. * COUSINS PROPERTIES-COUSINS PROPERTIES LP PRICED OFFERING $500 MILLION PRINCIPAL AMOUNT OF 5.875%SENIOR UNSECURED NOTES DUE 2034 AT 99.708% PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:
ATLANTA, Aug. 13, 2024 Cousins Properties Incorporated (CUZ) announced today that its operating partnership, Cousins Properties LP, has priced an offering of $500 million aggregate principal amount of 5.875% senior unsecured notes due 2034 at 99.708% of the principal amount.
Kite Realty Group Trust (KRG) announced today that, on August 13, 2024, its operating partnership, Kite Realty Group (KRG), L.P., priced an offering of $350 million aggregate principal amount of 4.950% Senior Notes due 2031 in an underwritten public offering. The Operating Partnership intends to use the net proceeds from this offering to repay outstanding indebtedness and for general corporate purposes.
ANI Pharmaceuticals, Inc. (ANIP) today announced the closing of its offering of $316,250,000 aggregate principal amount of 2.25% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Dallas Fort Worth International Airport received a S&P rating upgrade and a positive rating outlook from Moody's ahead of a $750 million bond sale next week.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Midland National Life Insurance Company and North American Company for Life and Health Insurance.
Core Scientific, Inc. (CORZ), a leader in digital infrastructure for bitcoin mining and high-performance computing, today announced its intention to offer, subject to market and other conditions, $350.0 million aggregate principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
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.