Funds to Assist Preservation of Affordable Housing and Community Education. Representatives from the Federal Home Loan Bank of Dallas and Centinel Bank of Taos awarded $30,000 in Partnership Grant Program funding to the Taos Housing Partnership to promote economic development in Taos, New Mexico. This press release features multimedia.
AppLovin Corporation (APP) announced today the pricing of its public offering of $3.55 billion aggregate principal amount of senior notes consisting of $1,000 million aggregate principal amount of 5.125% Senior Notes due 2029, $1,000 million aggregate principal amount of 5.375% Senior Notes due 2031, $1,000 million aggregate principal amount of 5.500% Senior Notes due 2034 and $550 million aggregate ...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Arabia Insurance Company s.a.l.. The outlook of these Credit Ratings is stable. The ratings reflect AIC?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 ?bb? of Arabia Insurance Company ? Jordan. The ratings reflect AICJ?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile, and appropriate enterprise risk management.
KBRA assigns a rating of BBB to MSD Investment Corp.'s $265 million senior unsecured notes that are comprised of three tranches. Key Credit Considerations The rating and Outlook are supported by MSD's diversified $4.0 billion investment portfolio with a high percentage of senior secured first lien loans to 82 portfolio companies in 26 sectors.
?. 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 8.72. POOL FACTOR.
New report shows strong interest in transparency and personalized pricing Zilliant, the leader in pricing lifecycle management, today announced the findings of its inaugural Consumer Price Index Survey. The study of 2,003 U.S. consumers1 was designed to understand emerging pricing trends and consumer sentiment in today?s dynamic market.
MicroStrategy? Incorporated today announced the pricing of its offering of $2.6 billion aggregate principal amount of its 0% convertible senior notes due 2029. The notes will be unsecured, senior obligations of MicroStrategy.
Funds Will Assist Residents and Areas Impacted by Natural Disaster in Chaves County The Federal Home Loan Bank of Dallas has provided a $250,000 charitable donation to Community Foundation of Southern New Mexico to assist with recovery from flooding in Roswell, New Mexico.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced the pricing of an offering of US$2.65 billion aggregate principal amount of U.S. dollar-denominated senior unsecured notes, consisting of: US$1,000,000,000 4.875% notes due 2030 at an issue price per note of 99.838%; US$1,150,000,000 5.250% notes due 2035 at an issue ...
DWS Strategic Municipal Income Trust announced today the payment of its final liquidating distribution to shareholders of $10.131 per share. DWS expresses its appreciation to the shareholders who have supported the Fund and its Board over the years. Important Information Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees.
National House Prices Stabilize After Nine-Month Slowdown ?House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its October 2024 H...
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW), announced the Schwab Mortgage-Backed Securities ETF (SMBS) began trading today. With an expense ratio of 0.03%, the Schwab Mortgage-Backed Securities ETF (SMBS) is priced in line with the lowest-priced peer ETFs based on the U.S. Mortgage Lipper category1.
National House Prices Stabilize After Nine-Month Slowdown ?House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its October 2024 H...
National House Prices Stabilize After Nine-Month Slowdown ?House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its October 2024 H...
National House Prices Stabilize After Nine-Month Slowdown ?House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its October 2024 H...
?House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its October 2024 Home Price Index report.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced the final results of a tender offer. As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires.
More than 700 small businesses receive support through grants and discounted lending programs in 2024. In recognition of Small Business Saturday on November 30, the Federal Home Loan Bank of Chicago today announced it has invested over $27 million through its Community First? Accelerate Grants for Small Business and its Community Small Business Advance throughout 2024.
Grants Will Be Used to Educate Homeowners and Transform Damaged Properties. Representatives from the Federal Home Loan Bank of Dallas joined Veritex Community Bank to award $12,500 in Partnership Grant Program funding to Credit Coalition and $21,000 to the Houston Land Bank Fund to help promote economic development in Houston, Texas. This press release features multimedia.
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2030 and 2035 in aggregate principal amounts of $600.0 million and $600.0 million, respectively. The net proceeds of the offering are expected to be approximately $1,183.7 million, after deducting underwriting discounts and estimated offering expenses.
KBRA assigns a long-term rating of AA, with a Stable Outlook, to Harris County, Texas Hotel Occupancy Tax Senior Lien Revenue Bonds, Taxable Series 2024. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Hyatt Hotels Corporation (H), a leading global hospitality company, announced today the pricing of its public offering of $150,000,000 aggregate principal amount of senior notes due 2029, which will bear interest at a fixed annual rate of 5.250% and $450,000,000 aggregate principal amount of senior notes due 2031, which will bear interest at a fixed annual rate of 5.375%. The 2029 Notes will be a f...
VICI Properties Inc. (VICI) announced today that Moody?s Investors Service, Inc. upgraded its issuer credit rating for VICI Properties L.P. to ?Baa3? from ?Ba1?, with a stable outlook. David Kieske, Chief Financial Officer of VICI Properties (VICI), said, ?Today?s announcement reflects the strong credit profile VICI has worked tirelessly to build since the Company?s inception.
MicroStrategy? Incorporated today announced that it intends to offer, subject to market conditions and other factors, $1.75 billion aggregate principal amount of its 0% convertible senior notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended and to certain non-U.S. persons in...
KBRA has upgraded the rating on the Greater Orlando Aviation Authority Airport Facilities Revenue Bonds to AA+. The AA+ rating applies to the Airport Facilities Revenue Bonds, Series 2024 and parity Senior Lien Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
BondCliQ Inc., creator and operator of the first and only consolidated quote system for U.S. corporate bonds, announces today a partnership with BlackRock?s Aladdin? platform to deliver real-time, consolidated institutional pricing data to their client community.
Alibaba Group Holding Limited (BABA) (NYSE: BABA and HKEX: 9988 and 89988, ?Alibaba,? ?Alibaba Group? or the ?Company?) () today announced that it proposes to concurrently offer U.S. dollar-denominated senior unsecured notes and RMB-denominated senior unsecured notes, subject to market and other conditions.
Today, on the margins of the G20, a group of public and private sector leaders launched the Brazil Restoration & Bioeconomy Finance Coalition to accelerate the conservation and restoration of Brazil?s forests, with a targeted, aggregate investment of at least $10 billion by 2030 among all Coalition members.
KBRA assigns a rating of BBB- to BlackRock Private Credit Fund's $125 million senior unsecured notes due in 2027 and 2030. Key Credit Considerations The rating and Stable Outlook are supported by BDEBT?s ties to BlackRock (BLK), Inc.?s $10.5 trillion assets under management, making BLK one of the largest investment platforms in the world.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of ?a? of Tokio Marine HCC Mexico Compa??a Afianzadora, S.A. de C.V.. Concurrently, AM Best has affirmed the Mexico National Scale Rating of ?aaa.MX? of TMHCC Mexico.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. Concurrently, AM Best has affirmed the Long Term ICR of ?a+? and the Long-Term Issue Credit Rating of ?a-? of DFG.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced the preliminary results of a tender offer. As previously announced, the Fund conducted a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires.
Redfin reports existing home sales rose 1.6% month over month in October to a seasonally adjusted annual rate of 4,179,346, and are on track to finish this year higher than last year ?Existing home sales rose 1.6% month over month in October?the biggest gain since January 2022?to a seasonally adjusted annual rate of 4,179,346.
KBRA assigns a long-term rating of AA to the Chicago Transit Authority, IL Sales Tax Receipts Revenue Refunding Bonds Series 2024A. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
KBRA is proud to host an exclusive Bank Symposium on November 20, bringing together an elite group of policymakers, regulatory officials, bankers, and top debt investors at a critical moment in global politics. The symposium comes at a pivotal time for the banking sector as regulation and market dynamics continue to evolve in response to global economic changes.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co. of New York.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of General Reinsurance Corporation and its core property/casualty and lifeinsurance subsidiaries operating in the United States and internationally.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Nazareth Mutual Insurance Company. The Credit Ratings reflect Nazareth?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 upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Gulf Insurance Group ? Jordan. The ratings reflect GIG Jordan?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
Gilead Sciences, Inc. (GILD), a biopharmaceutical company that has pursued and achieved breakthroughs in medicine for more than three decades, today announced the pricing of senior unsecured notes in an aggregate principal amount of $3.5 billion, in an underwritten, registered public offering, consisting of $750 million of 4.80% senior notes maturing in 2029, $1 billion of 5.10% senior notes maturing ...
AM Best has downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b? from ?bb-? of Upstream Life Insurance Company. The ratings reflect Upstream Life?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and weak enterprise risk management.
Federal Reserve Financial Services helps financial institutions detect duplicate activity at no additional cost Federal Reserve Financial Services today announced the expansion of FedDetect Duplicate Notification for Check Services to include commercial checks, alongside its existing Treasury check notification service.
Dwight Mortgage Trust is pleased to announce the successful completion of the largest multifamily mortgage loan securitization through Freddie Mac?s Q-Series program in the last two years.
KBRA releases research analyzing multifamily distress across CMBS conduits and Freddie Mac securitizations. The fixed rate conduit and FM K-series product are generally stabilized properties and do not face interest rate pressures during their term. Key Observations Click here to view the report.
Upstart Holdings, Inc. (UPST) today announced the pricing of $425,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Upstart.
KBRA places the City's G.O. Bond rating on Watch Downgrade and assigns a long-term rating of "A" to the City of Chicago?s General Obligation Bonds, Refunding Series 2024B and Taxable Refunding Series 2024C. Concurrently, KBRA affirms the long-term rating of "A" on the City's outstanding General Obligation Bonds.
KBRA assigns a rating of BBB+ to Blue Owl Capital Corporation's (OBDC) $400 million, 5.95% senior unsecured notes due 2029. Key Credit Considerations The rating is supported by OBDC's ties to the $128.4 billion Blue Owl Credit platform that maintains a strong reputation and leadership position in the $1.7 trillion private credit market.
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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