DES MOINES, Iowa, Oct. 1, 2024 F&G Annuities & Life, Inc. (FG) today announced that it priced a public offering of $500 million aggregate principal amount of its 6.250% senior notes due 2034. The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit agreement.
As managing director at Crews & Associates, Susan Reed aims to bring creative ideas and a deep well of experience to bear on challenges facing Indiana issuers.
Moody's: * MOODY'S RATINGS UPGRADES BRAZIL'S RATINGS TO BA1 AND MAINTAINS POSITIVE OUTLOOK. * MOODY'S ON BRAZIL: UPGRADE REFLECTS MATERIAL CREDIT IMPROVEMENTS WHICH WE EXPECT TO CONTINUE. * MOODY'S ON BRAZIL: IN NEXT FEW YEARS, SEE GROWTH TO REMAIN BROAD-BASED WITH DOMESTIC DEMAND PROPELLED BY A RELATIVELY STRONG LABOR MARKET.
On October 1, 2024, Ferguson Enterprises Inc. (FERG) announced that it has priced a public offering of $750 million in aggregate principal amount of 5.000% senior unsecured notes due 2034. Ferguson intends to use a portion of the net proceeds from the sale of the Notes to prepay certain outstanding term loans, with the remaining proceeds to be used for general corporate purposes.
The larger supply calendar should be "taken down well given the persistent inflows into our market and investors are still sitting on plenty of cash," said?Daryl Clements, a municipal portfolio manager at AllianceBernstein.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb? of Sublimity Insurance Company. The ratings reflect SIC?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
* Iran fired ballistic missiles at Israel in retaliation for Hezbollah campaign. * JOLTS report shows job openings rebounded by 329,000 to 8.040 million. * Manufacturing PMI unchanged at 47.2, indicating sector contraction. By Chuck Mikolajczak.
Inflows into Federal Reserve liquidity tools eased on the first day of the new quarter, although some in markets now worry there are signs of building money market pressures that could cause the central bank to rethink its balance sheet drawdown plans.
MSCI's global equities index sank with Treasury yields as investors shunned riskier assets while oil futures rallied sharply on concerns about supply after Iran launched missiles at Israel on Tuesday. Iran fired a salvo of ballistic missiles at Israel in retaliation for Israel's campaign against Tehran's Hezbollah allies in Lebanon.
Process Intelligence Leader Aligns with WEF's Mission to Future-Proof Global Organizations SAN JOSE, Calif. Skan's technology empowers organizations to optimize operations and accelerate digital transformation.
Greystone, a leading national commercial real estate finance company, has provided an $18,220,000 Fannie Mae Delegated Underwriting & Servicing loan for the acquisition of a 139-unit multifamily property in Chicago, Illinois. Originally constructed in 1927, Cornelia-Stratford in Cook County is a mid-rise apartment building featuring studio, one-, two-, three- and four-bedroom units.
The Federal Reserve announced on Tuesday that it had terminated a 2013 enforcement action it filed against Citigroup (C/PN) over shortcomings in its capacity to police money laundering.
Peru's inflation in September surprised analysts as it slowed to below 2% for the first time in four years, according to data released on Tuesday, increasing the odds that the nation's central bank will extend a streak of interest rate cuts.
The COVID-19 pandemic's crushing blow to global supply chains also scarred U.S. Federal Reserve officials who thought the fallout from disrupted ports and backed up container ships would cause only "transitory" inflation.
Top U.S. automakers reported a fall in their third-quarter sales on Tuesday, hurt by fewer selling days and weaker consumer spending amid inflationary challenges and higher interest rates. Carmakers have relied on crossovers and pickup trucks for years to drive the bulk of their sales, but that growth is starting to sputter as customers work with tighter budgets because of economic uncertainties.
The Swiss National Bank cannot rule out the possibility of taking interest rates into negative territory while the risks for Swiss inflation are tilted downwards, new Chairman Martin Schlegel said on Tuesday.
A key U.S. overnight funding interest rate jumped on Monday in a sign of tighter liquidity in money markets at the end of the month and the third quarter.
IC Manage, Inc. today announced major advances to its GDP-XL design and IP management platform. 10x to 100x faster database GDP-XL?s modern C++ database architecture now delivers a 10-100X speedup compared to design and IP management systems with database architectures based on interpreted languages such as Java.
Disruption was on the minds of those gathered in Chicago last week for MuniTech, a conference billed as a magnet for the "tech-forward" in public finance.
* Job openings increase 329,000 to 8.040 million in August. * Hires fall 99,000; layoffs decrease 105,000. * Manufacturing PMI unchanged in September. By Lucia Mutikani.
The banking giant has been fined for reporting 65,335 municipal securities transactions that it shouldn't have, violating MSRB Rule G-14 on customer transaction reporting and MSRB Rule G-27 on supervision.
Freddie Mac today announced it sold via auction 982 deeply delinquent non-performing residential first lien loans from its mortgage-related investments portfolio. The loans in the SPO? offering were offered as one pool of mortgage loans.
MSCI's global equities index was lower on Tuesday while the dollar rose and Treasury yields fell while oil futures rallied as investors reacted to the escalating Middle East conflict with fears that Iran was planning an attack on Israel.
* Iran preparing to launch ballistic missile attack against Israel, says senior White House official. * JOLTS report shows job openings rebounded by 329,000 to 8.040 million. * Manufacturing PMI unchanged at 47.2, indicating sector contraction. By Chuck Mikolajczak.
The U.S. central bank has begun an interest rate-cutting cycle for the first time since the emergency reductions it implemented to support the economy during the COVID-19 pandemic.
Euro zone bond yields dropped on Tuesday as data showed inflation in the bloc fell below the European Central Bank's 2% target in September, bolstering bets on an October rate cut from the European Central Bank.
Editor?s Note: This article has been updated to clarify the status of job openings in August. Economic data released Tuesday brought the latest insights for the U.S. manufacturing sector, drawing attention to how the Federal Reserve may respond to these developments.
U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months ahead. The Commerce Department's Census Bureau said on Tuesday construction spending dipped 0.1% after a downwardly revised 0.5% drop in July.
U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months ahead. The Commerce Department's Census Bureau said on Tuesday construction spending dipped 0.1% after a downwardly revised 0.5% drop in July.
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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