Electronic Arts (EA) has yet to win enough bondholder support to repurchase its bonds at a steep discount to face value and amend some lending terms, Bloomberg News reported on Thursday, citing firms that plan to acquire the company. A key deadline for the agreement passed earlier this week, the report said.
AstraZeneca PLC (AZN): * AstraZeneca PLC (AZN) - ASTRAZENECA PRICES A $2BN BOND OFFERING. * AstraZeneca PLC (AZN) - ASTRAZENECA PRICES A $2BN BOND OFFERING. * ASTRAZENECA (AZN): EXPECTS TO USE NET PROCEEDS OF OFFERING FOR GENERAL CORPORATE PURPOSES, WHICH MAY INCLUDE REFINANCING OF EXISTING INDEBTEDNESS Source text: Further company coverage:
U.S. primary credit markets are now the most competitive on record, based on Barclays' analysis of over one million investor records since 2017, ?driven by high demand for new ?corporate bonds.
U.S. primary credit markets are now the most competitive on record, based on Barclays' analysis of over one million investor records since ?2017, driven by high demand for new ?corporate bonds.
* Nippon Steel's (NISTF) convertible bond offering largest in Japan's corporate history. * Seeks funds to refinance U.S. Steel takeover, to fund investments. By Katya Golubkova. Nippon Steel (NISTF) has decided to ?increase its convertible bond offering to 600 ?billion yen, the biggest in Japan's corporate history, as it seeks to refinance its $15 billion takeover ?of U.S. Steel and fund business expansion.
Investment giant BlackRock (BLK) favours corporate debt due to the higher yields on offer as inflation subsides, it said on Tuesday, and warned that government bond markets are likely to ?be more volatile as countries spend big on ?defence and infrastructure.
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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