Eaton Vance Municipal Bond Fund (EIM) announced today the extension of the Fund?s cash tender offer for up to 5% of its outstanding common shares at a price per share equal to 98% of its net asset value per share, determined as of the close of regular trading on the New York Stock Exchange on the day the Tender Offer expires.
Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Laura Connor and Megan Miller have been named shareholders in the Kansas City office. Ms. Connor practices in the field of real estate law, including real estate finance, leasing and construction. Ms. Miller serves as bond counsel to cities, counties, school districts and other municipal borrowers.
Williams announced today that it has priced a public offering of $1.0 billion of its 5.600% Senior Notes due 2035 at a price of 99.843 percent of par and $500 million of its 6.000% Senior Notes due 2055 at a price of 99.330 percent of par. Williams intends to use the net proceeds of the offering to repay its commercial paper, near-term debt maturities and for other general corporate purposes.
KBRA assigns a long-term rating of AA+ to the Department of Water and Power of the City of Los Angeles Water System Revenue Bonds, and affirms the AA+ rating on outstanding parity Water System Revenue Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
The acquisition unifies FINSIGHT?s award winning structured finance technology and data solutions with CFR?s industry leading coverage of the US corporate bond market. FINSIGHT, an institutional capital markets technology and market data company, today announced its acquisition of Credit Flow Research.
Completes purchase of recently built senior living community in Cincinnati for $16.3 million with favorable financing terms Brings total 2024 acquired properties to 20 and total operating portfolio to 94 communities Completes previously disclosed Fannie Mae loan modification extending maturities on $220 million of mortgage loans from December 2026 to January 2029 DALLAS---- Sonida Senior Living...
Record 4Q24 Total Trading ADV, Up 38% With Record Municipal Bond ADV and Record Total Rates ADV MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million for December 2024 and the fourth quarter ended December 31, 2024.1 Chris Concannon, CEO of MarketAxess (MKTX), co...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on February 3, 2025 to shareholders of record at the close of business on January 21, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
The following Eaton Vance closed-end funds announced distributions today as detailed below. Municipal Bond Funds: Taxable Funds: Declaration ? 1/2/2025. Municipal Bond Funds: Taxable Funds: Funds Making Distributions Under a Managed Distribution Plan*: * These Funds make distributions in accordance with a managed distribution plan.
KBRA releases a report on U.S. commercial mortgage-backed securities loan performance trends observed in the December 2024 servicer reporting period. Notably, while most sectors experienced an increase in their delinquency and distress rates over the past year, office and multifamily saw the biggest increases.
?. 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 4,698,362.5. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20250102425813/en/ Source: Deutsche Bank AG.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of January 2025. Portfolio and municipal market commentary will be published on or around January 2, 2025 and can be retrieved here.
Texas Ports contribute more than $713.9 billion in economic activity for the State accounting for 28% of Texas? gross domestic product, further advancing Ports as a catalyst for state economic growth and job generation, according to a recent economic impact study by the Texas Ports Association. This press release features multimedia.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, 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 November 2024 Home Price...
National House Prices Hover Near Historical Norms ?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, 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 Corpor...
National House Prices Hover Near Historical Norms ?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, says Chief Economist Mark Fleming? SANTA ANA, Calif.
National House Prices Hover Near Historical Norms ?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, 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 Corpor...
National House Prices Hover Near Historical Norms ?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, 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 Corpor...
National House Prices Hover Near Historical Norms ?Steady, single-digit house price growth signals a return to normal following the pandemic-to-post-pandemic roller-coaster ride, 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 Corpor...
KBRA assigns a rating of BBB to FS KKR Capital Corp.'s $100 million, 6.125% senior unsecured notes due January 15, 2030, which are an add-on to the $600 million, 6.125% senior unsecured notes with original settlement date of November 20, 2024.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to Min Xin Insurance Company Limited. The ratings reflect MXIC?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 removed from under review with negative implications and downgraded the Financial Strength Rating to C++ from B- and the Long-Term Issuer Credit Rating to ?b+? from ?bb-? of Ghana Reinsurance PLC.
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Irwell Insurance Company Limited.
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 Union Insurance Company P.J.S.C.. The Credit Ratings reflect Union?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk manage...
Impact-Resistant Roofing Gains Traction in Hurricane-Prone Areas. A homeowner in New Orleans, Louisiana, is the proud owner of a storm-resistant roof thanks to a $14,653 grant from the Federal Home Loan Bank of Dallas, awarded through its member Gulf Coast Bank & Trust.
KBRA assigns a long-term rating of AA to the Triborough Bridge and Tunnel Authority Real Estate Transfer Tax Revenue Bonds, Series 2025A. 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.
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has completed its public offering of $750 million in aggregate principal amount of 5.125% senior unsecured notes due 2031. The Issuer intends to use the net proceeds from the offering to repay its outstanding $750 million in aggregate principal amount of 3.500% senior notes due 2025.
AM Best has removed from under review with negative implications and downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb? from ?a-? of M&C General Insurance Company Limited.
AM Best has downgraded the Financial Strength Rating to C++ from B and the Long-Term Issuer Credit Ratings to ?b+? from ?bb? of Blue Cross and Blue Shield of Vermont and its subsidiary, The Vermont Health Plan, LLC, collectively known as Blue Cross and Blue Shield of VT Group.
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 Physicians Health Plan of Northern Indiana, Inc.. The outlook assigned to these Credit Ratings is positive.
ATS Corporation (ATS) confirmed today that it has successfully closed its previously announced private placement offering of C$200 million aggregate principal amount of 6.50% senior unsecured notes due August 21, 2032.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Colina Insurance Limited. The ratings reflect Colina?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
In response to the challenges faced by small businesses impacted by flooding and wildfires in New Mexico, the Federal Home Loan Bank of Dallas is offering $1 million in grants through the Small Business Recovery Grant program to support recovery efforts in affected counties.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of National Insurance Company. The ratings reflect NIC?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.
Redfin reports homebuying activity picked up in November as election uncertainty dissipated and buyers grew more accustomed to elevated mortgage rates ? Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85?the highest level since March 2023.
Affirm Holdings, Inc. (AFRM) today announced the pricing of $800 million aggregate principal amount of 0.75% Convertible Senior Notes due 2029 in a private offering. The notes will bear interest at a rate of 0.75% per annum payable semiannually in arrears on June 15 and December 15 of each year, beginning on June 15, 2025.
Secures Commitments for $3.15 Billion in New First-Lien Term Loans and $1 Billion in First-Lien Notes Company to Fully Repay 2025 Senior Unsecured Notes and 2026 Secured Debt Maturities Through Proceeds from the Refinancing Transaction and Previously Announced Asset Sales CLAREMONT, N.C.---- CommScope Holding Company, Inc. (COMM), a global leader in network connectivity solutions, today announced the ...
AM Best has removed under review with negative implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Centerline Insurance Company.
The pace of insurance borrowings from the Federal Home Loan Bank slowed last year following a spike when many U.S. life/annuity insurance companies took advantage of the lower cost of borrowing to capitalize on high interest rates and new money yields, according to a new AM Best report.
ATS Corporation (ATS), announced today that it has entered into an underwriting agreement with a syndicate of underwriters to sell, pursuant to a private placement offering, an additional $200 million aggregate principal amount of its 6.50% senior unsecured notes due 2032, which aggregate principal amount of additional Notes was upsized from the initial target reopening size of $150 million.
Xcel Energy Inc. (XEL) announced today the pricing terms of its previously announced offers to purchase for cash in the order of priority set forth in the table below certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation, a wholly-owned subsidiary of Xcel Energy (XEL), pursuant to an Offer to Purchase, dated December 2, 2024.
Mr. Cooper Group Inc. (COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector.
Affirm Holdings, Inc. (AFRM) today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of Convertible Senior Notes due 2029 in a private offering. Affirm expects to use the net proceeds from the Offering to repurchase a portion of its 0% Convertible Senior Notes due 2026 as described below.
Funds to Promote Economic and Artistic Development. The Federal Home Loan Bank of Dallas, along with Community 1st Bank, provided $9,000 in Partnership Grant Program funding to the Las Vegas Arts Council to promote economic and artistic development in Las Vegas, New Mexico. This press release features multimedia.
Former Governor of the Reserve Bank of India Raghuram Rajan and former First VP and COO of the Federal Reserve Bank of Boston Kenneth Montgomery Join Advisory Board Ripple, the leading provider of digital asset infrastructure for financial institutions, today announced that Ripple USD will be available on global exchanges starting tomorrow, December 17, 2024.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Al Fujairah National Insurance Company PSJC [UAE]. The outlook of these Credit Ratings is negative.
Xcel Energy Inc. (XEL) announced today the early results of its previously announced offers to purchase for cash in the order of priority set forth in the table below up to $110,000,000 aggregate principal amount of certain outstanding first mortgage bonds issued by Northern States Power Company, a Minnesota corporation, a wholly owned subsidiary of Xcel Energy (XEL), pursuant to an Offer to Purchase, date...
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.