PPL subsidiary PPL Capital Funding said Wednesday that it priced $1 billion of its 3% exchangeable senior unsecured notes due 2030 in a private placement. The company also granted the initial purchasers a 13-day option to buy up to an additional $150 million of notes.
Vizsla Silver (VZLA) said Thursday it priced a $250 million offering of convertible senior unsecured notes due 2031, for about $239.4 million in expected net proceeds. Initial purchasers have a 13-day overallotment option to buy up to an additional $50 million of the notes.
The CNN Money Fear and Greed index showed almost no change in the overall fear level, while the index remained in the ?Extreme Fear? zone on Wednesday. U.S. stocks settled higher on Wednesday, with the Nasdaq Composite gaining more than 100 points during the session.
Vizsla Silver (VZLA) said Wednesday it plans to raise $250 million through offering of convertible senior unsecured notes due 2031. The company said it may grant buyers a 13-day option to purchase up to $50 million in additional notes. Proceeds will go toward the Panuco Project, potential acquisitions, and general corporate needs, Vizsla added.
Baxter International (BAX) said late Wednesday that it has increased the maximum purchase price for its $1.45 billion of 1.915% senior unsecured notes due 2027 that it can repurchase under a cash tender offer for the notes to $600 million from $300 million. Earlier in the day, Baxter said it launched tender offers to buy certain debt securities for cash. MT Newswires does not provide investment advice.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it has agreed to sell US$500 million aggregate principal amount of 4.641% Senior Notes due 2030 in a private offering that will not be registered under the Securities Act of 1933, as amended.
US equity indexes rose on Wednesday ahead of Nvidia's (NVDA) quarterly results and as Treasury yields gained amid a surge in odds for a monetary policy pause in December.
Vizsla Silver (VZLA), was last seen down 15% in after-hours New York trading after the company on Wednesday said it intends to offer US$250 million in convertible senior unsecured notes due 2031, with an option for initial purchasers to buy an additional US$50 million of notes within 13 days of issuance.
The Federal Home Loan Bank of New York announced today the results of the 2025 election for three positions on the FHLBNY?s Board of Directors whose terms will each commence on January 1, 2026.
The market is in a bit of a lull right now as it braces for a deluge of economic data, which could spark volatility, said Jeff Timlin, a partner at Sage Advisory.
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund adding 0.5%. The Philadelphia Housing Index was fractionally lower, and the Real Estate Select Sector SPDR Fund was down 0.6%. Bitcoin was falling 3.7% to $89,393, and the yield for 10-year US Treasuries was rising one basis point to 4.13%. In...
Federal Reserve officials offered "strongly differing views" regarding the central bank's interest rate decision in December, minutes of the October meeting showed Wednesday, underscoring a growing divide among policymakers. At the most recent meeting, the Federal Open Market Committee delivered a second straight 25-basis-point rate cut amid continued concerns regarding the labor market.
Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index increasing 0.1% and the Financial Select Sector SPDR Fund adding 0.4%. The Philadelphia Housing Index was shedding 0.2%, and the Real Estate Select Sector SPDR Fund was down 0.7%. Bitcoin was falling 4% to $89,193, and the yield for 10-year US Treasuries was rising 1 basis point to 4.13%. In corporat...
The Mortgage Bankers Association reported a 5.2% decline in mortgage applications in the week ended Nov. 14 after a 0.6% gain in the previous week. Refinancing activity and new home applications both declined due to a third straight weekly increase in mortgage rates. The international trade deficit narrowed to $59.55 billion in August, as imports declined and exports increased.
The US trade deficit narrowed sharply in August as imports fell the most in four months, delayed government data showed Wednesday. The goods and services deficit narrowed about 24% sequentially to $59.55 billion in August on an adjusted basis, the Census Bureau and the Bureau of Economic Analysis reported.
The National Association of Realtors' measure of US existing-home sales is expected to accelerate to a 4.08 million annual rate in October, based on a survey compiled by Bloomberg, after rising by 1.5% to a 4.06 million rate in September. Existing-home sales were at a 4.03 million rate in October 2024, so the year-over-year change would be positive.
US nonfarm payrolls are expected to rise by 50,000 in September after a 22,000-jobs gain in the previous month, based on a survey compiled by Bloomberg. The September employment report is due to be released at 8:30 am ET Thursday after being delayed for almost two months by the federal government shutdown.
29 FOMC meeting showed a divisive discussion among the members regarding the future path of monetary policy, with many suggesting that while further rate reductions may be needed, a cut at the December FOMC meeting may not be appropriate.
The discussion around the need for rate reductions was mixed, with many Federal Open Market Committee participants suggesting that while more easing of policy is needed, the upcoming meeting in December may not be the right time, minutes of the Oct. 28-29 FOMC meeting released Wednesday showed.
US benchmark equity indexes were mostly higher intraday ahead of the release of minutes of the Federal Reserve's latest monetary policy meeting and technology bellwether Nvidia's (NVDA) earnings. The S&P 500 and the Nasdaq Composite were up 0.2% each at 6,628.3 and 22,475.2, respectively, after midday Wednesday. Minutes from the Fed's October meeting are scheduled to be released at 2 pm ET.
Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally down, and the Real Estate Select Sector SPDR Fund was shedding 0.5%. Bitcoin was falling 4.5% to $89,203, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.11%. In ...
Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the Financial Select Sector SPDR Fund adding 0.3%. The Philadelphia Housing Index was fractionally down, and the Real Estate Select Sector SPDR Fund was shedding 0.5%. Bitcoin was falling 4.5% to $89,203, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.11%. In ...
Canadian CPI data released this week showed a -4.7% y/y decline in the October air transportation component. Stifel Canada notes that the Air Canada (ACDVF) flight attendant strike may have been a contributor to the weakness in airfares in August-October due to possible discounting to offset book-away. Fuel prices were up +4.2% y/y in October, following the increase of +5.4% in September.
After terminating the project in September, the council approved an initial deal with a new contractor team to develop design and construction options.
Element Fleet Management (ELEEF) on Wednesday said it intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions.
New Brunswick released its mid-year economic and fiscal update, with a projected FY26 deficit of $836 million, or 1.7% of gross domestic product, compared with $549 million, or 1.1% GDP, in the Budget, said Scotiabank. No new policy measures were announced by the Canadian province. A lower revenue forecast drove most of the increase in the FY26 deficit, stated the bank.
Baxter International (BAX) said Wednesday that it has launched tender offers to buy certain debt securities for cash. The tender offers include the 2.600% senior unsecured notes due 2026, which have $750 million of outstanding principle, and the 1.915% senior unsecured notes due 2027, which have $1.45 billion of outstanding principle.
The Central Bank of Iceland Wednesday said its Monetary Policy Committee decided to lower interest rates by 25 basis points, with the key interest rate -- the rate on seven-day term deposits -- falling to 7.25%. All MPC members voted in favour of the decision, noted the policy statement.
The US international trade deficit narrowed to $59.55 billion in August from a revised $78.15 billion gap in July, compared with a $60.4 billion gap expected in a survey compiled by Bloomberg as of 7:30 am ET. Exports rose in the month, while imports fell.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure-play automotive fleet manager in the world, today announced that it intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions.
Canadian housing starts pulled back sharply in October to a 232,800 annual pace, said Bank of Montreal. That brought the year-to-date average down to 256,000, a bit below the bank's call for the year but still above last year's overall result of 245,000.
A $1.2 billion revenue bond required the Columbus Regional Airport Authority to "start from scratch." The result is The Bond Buyer's Midwest Deal of the Year.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the euro, ahead of delayed release of international trade data for August at 8:30 am ET and weekly oil stocks inventory data at 10:30 am ET.
PPL's capital funding subsidiary said Wednesday it plans to offer $1 billion worth of exchangeable senior notes due 2030 in a private placement. The PPL funding subsidiary said it intends to grant initial purchasers a 13-day option to purchase up to $150 million worth of additional notes.
The United Kingdom's October consumer price index ended up being less exciting than Deutsche Bank thought it could be. Headline CPI printed slightly above consensus and Bank of England expectations, at 3.6% y/y, supported by still sticky and elevated food price momentum, noted Sanjay Raja, Deutsche Bank's chief U.K. economist.
The October inflation data released earlier Wednesday in the United Kingdom is largely in line with market consensus -- that means no nasty surprises that could have raised doubts over the ability of the Bank of England to cut the key policy rate in December, said MUFG.
Cenovus Energy (CVE), which recently completed its acquisition of MEG Energy Corp, was at last look Wednesday down 0.3% in US premarket after announcing overnight that it has priced an offering of $2.6 billion in aggregate principal amount of senior unsecured notes.
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.
Log In Required
Publication Date