Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt that often draws extra investor interest in hot markets because it can convert into equity.
Avista Corp (AVA): * Avista Corp (AVA) - ON MAY 14, ISSUED $90 MILLION OF 4.77% BONDS DUE 2029 AND $70 MILLION OF 6.10% BONDS DUE 2056 - SEC FILING. * Avista Corp (AVA) - EXPECTS TO ISSUE ADDITIONAL $70 MILLION OF 6.10% BONDS IN AUGUST 2026 - SEC FILING Source text: Further company coverage:
* AI-linked firms drive surge in convertible bond issuance. * High rates, equity volatility boost appeal of convertibles. * Hedge funds, asset managers seek upside, even from riskier issuers. By Chibuike Oguh.
* Fed policymakers split over inflation risks and future rate cuts. * April meeting saw four dissents, most since 1992, over policy direction. * Market and economist expectations shift toward no rate cuts, some see possible hikes. By Dan Burns.
* US Vice President Vance says lots of progress made in US-Iran talks. * Minutes from Fed's April policy meeting due at 1800 GMT. * US 10-year Treasury yields at an over one-year high. * Traders see 40% chance of US rate hike in December. By Noel John.
* Treasury yields steady near new highs hit overnight. * Nvidia (NVDA) results after bell; Samsung workers set to strike. * Oil prices still elevated; yen hovers around 159 per dollar. * Softer British inflation sends gilt yields lower. By Alun John and Stella Qiu.
Akamai Technologies (AKAM) priced a private offering of $1.5 billion of 0% convertible senior unsecured notes due May 15, 2030, and $1.5 billion of 0% convertible senior unsecured notes due May 15, 2032, the company said late Tuesday. The sale was upsized from a previous planned $1.3 billion in each case.
Elbit Systems' (ESLT) long-term rating has been upgraded by S&P Global Ratings Maalot to "ilAAA," with a stable outlook, the company said Wednesday. The ratings agency cited the company's improving financial ratios, operating performance, and robust backlog amid increasing defense budgets, Elbit Systems (ESLT) said. Shares of Elbit Systems (ESLT) were nearly 2% higher premarket Wednesday.
Redwood Trust (RWT) priced a public offering of $125 million of 9.75% senior unsecured notes due June 1, 2031, the company said late Tuesday. Underwriters have a 30-day overallotment option to purchase up to an additional $18.8 million of notes. The company expects the offering to close May 27 and plans to use the net proceeds for general corporate purposes.
?. 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 6.65. POOL FACTOR.
* Investors pricing in higher rates in the face of rising inflation. * No end in sight for more than two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee and Harry Robertson.
Winner Medical has officially broken ground on its new manufacturing base in Hai Ha Industrial Park, Quang Ha Commune, Quang Ninh Province, Vietnam. Image: image1.jpeg From Foreign Trade to Local Manufacturing: A Solid Foundation for Globalization Winner Medical?s international journey began more than 30 years ago.
* U.S. Vice President Vance says progress made in talks with Iran. * Benchmark 10-year Treasury yields near a more-than-one-year high. * Minutes from Fed's April policy meeting due at 1800 GMT. * U.S. Fed to avoid cutting rates this year - Reuters poll. By Pablo Sinha.
Emmanuel Moulin, President Emmanuel Macron's pick to head the Bank of France and his former chief of staff, said on Wednesday in hearings ahead of a vote by Parliament on Moulin's confirmation that he was sure he would run the national central bank in an independent manner.
Although some are puzzled by the coincidence of an artificial intelligence boom and rising borrowing costs, they are closely linked.Beyond the immediate heat of the AI investment frenzy, a long-term productivity surge is lifting estimates of neutral interest rates even as workers' share of the GDP pie declines. The idea remains controversial in some circles.
* Treasury yields hit new highs overnight, steady in Asia. * Japan's Nikkei falls 1.5%, Wall St futures a tad lower. * Oil prices still elevated, yen hovers around 159 per dollar. By Stella Qiu.
* Investor pricing in higher rates in the face of rising inflation. * No end in sight for the over two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee.
* U.S. Vice President Vance says progress made in talks with Iran. * Benchmark 10-year Treasury yields near a more-than-one-year high. * Minutes from Fed's April policy meeting due at 1800 GMT. * U.S. Fed to avoid cutting rates this year - Reuters poll. By Pablo Sinha.
President Donald Trump signed an Executive Order on Tuesday directing regulators to take measures to promote fintech innovation, including an assessment of extending access to Federal Reserve payment rails. The Executive Order specifically instructed the Fed to evaluate the potential for uninsured depositories and non-bank fintechs to access?Fed payment accounts and?services.
European Union governments are discussing whether former European Central Bank President Mario Draghi, or former German Chancellor Angela Merkel, could represent the bloc in potential negotiations with Russian President Vladimir Putin, the Financial Times reported on Wednesday.
Copper declined to a more-than-one-week low on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields weighed on the market. The most-active copper contract on the Shanghai Futures Exchange lost 1.20% to 103,160 yuan a ton, after touching its lowest since May 8 at 103,040 yuan.
Akamai Technologies, Inc. (AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced that it has priced its private offering of $1.5 billion in aggregate principal amount of 0% convertible senior notes due 2030 and $1.5 billion in aggregate principal amount of 0% convertible senior notes due 2032.
U.S. Treasury Secretary Scott Bessent's jab at Japan's dovish premier may help clear political hurdles for the Bank of Japan to raise interest rates in June, analysts say, though there is uncertainty on whether it can support the yen.
* Bessent says BOJ can do what's needed if granted independence. * Remarks reinforce Washington's preference for higher BOJ rates. * PM Takaichi, aides wary of further BOJ rate hikes. * Key would be whether Ueda can meet PM, analysts say. By Leika Kihara.
Stock markets paused on Wednesday as bond yields steadied just below multi-year highs amid war-driven inflation fears, though yields remain high enough to cloud the outlook for Nvidia's (NVDA) results due later in the day. The benchmark 10-year U.S. Treasury yield hit a 16-month high of 4.687% overnight, while the 30-year yield climbed to 5.198%, levels last seen in 2007.
* Treasury yields hit new highs overnight, steady in Asia. * Japan's Nikkei falls 1.6%, Wall St futures flat. * Oil prices still elevated, yen falls below 159 per dollar. By Stella Qiu.
The U.S. dollar hit a six-week high on Wednesday as investors came to terms with the possible need for higher interest rates to tackle inflation resulting from the Iran war. The uncertainty over when the conflict may end has fanned inflation fears and triggered a global bond selloff, with the yield on the U.S. 30-year Treasury bond hitting its highest level since 2007.
* Investor pricing in higher rates in the face of rising inflation. * No end in sight for the over two-month-long Iran war. * US 30-year Treasury yield at 17-year high. * Yen back near 160 per dollar; traders wary of intervention. By Ankur Banerjee.
Gold prices edged higher on
Wednesday, as optimism over a potential peace agreement between
the United States and Iran tempered concerns around inflation
and interest rates staying higher for longer.
Redwood Trust, Inc. (RWT) today announced the pricing of an underwritten public offering of $125,000,000 aggregate principal amount of its 9.75% senior notes due 2031.
It remains too early to estimate how the use of AI technology will influence inflation, jobs and monetary policy, Philadelphia Federal Reserve Bank president Anna Paulson said on Tuesday, addressing an issue likely at the center of coming Fed deliberations.
U.S. President Donald Trump signed an executive order on Tuesday calling on regulators and the Federal Reserve to review rules that may be stifling financial innovation, including whether the central bank could expand fintech access to its payment rails, the systems that move money between banks.
The current level of interest rates is appropriate for the moment, putting downward pressure on inflation at a time when price pressures remain elevated, Philadelphia Federal Reserve Bank President Anna Paulson said on Tuesday, but she added it was "healthy" that investors had begun considering scenarios where rates might need to rise.
U.S. President Donald Trump signed an executive order on Tuesday calling on regulators and the Federal Reserve to review rules that may be stifling financial innovation, including whether the central bank could expand fintech access to its payment rails, the systems that move money between banks.
G7 finance ministers agreed on Tuesday on the need for action to tackle trade imbalances in a fragmented global economy, saying the current situation was unsustainable with U.S. Treasury Secretary Scott Bessent arguing for more protections against a flood of cheap Chinese imports.
The current level of interest rates is appropriate for the moment, putting downward pressure on inflation at a time when price pressures remain elevated, Philadelphia Federal Reserve Bank President Anna Paulson said on Tuesday, but she added it was "healthy" that investors had begun considering scenarios where rates might need to rise.
Donald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.
* US stocks end lower. * Dollar gains as US yields rise; gold falls. * Trump says US may strike Iran again but that Tehran wants deal. By Caroline Valetkevitch and Harry Robertson. A global stock index fell with 30-year U.S. Treasury yields rising to their highest levels since 2007 on Tuesday, and oil prices eased as investors digested the latest headlines on U.S. talks with Iran to end the war.
NEW YORK, May 19, 2026 S&P Global Inc. (SPGI), today announced the pricing of a private offering of $650,000,000 aggregate principal amount of 5.050% senior notes due 2029, $650,000,000 aggregate principal amount of 5.450% senior notes due 2031 and $700,000,000 aggregate principal amount of 6.050% senior notes due 2036 by Mobility Global Inc.. The Issuer is a recently formed holding company for S&P Gl...
Bombardier after trade Tuesday said it completed the redemption of all US$750 million of its 7.50% senior notes due in 2029. The repayment was funded through proceeds from a new debt offering along with US$250 million in cash from the company's balance sheet, it added.
The United Nations on Tuesday cut its forecast for global economic growth, saying the Middle East crisis had reignited inflationary pressures and heightened uncertainty. * Global GDP growth is forecast at 2.5% in 2026, compared with an estimated 3.0% in 2025, 0.2 percentage points below the January projection and well below pre-pandemic growth rates.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?aa? from ?aa-? and affirmed the Financial Strength Rating of A+ of Southern Farm Bureau Life Insurance Company.
US equity indexes slid as the 30-year Treasury yield rose to a two-decade high amid bets favoring higher interest rates and President Donald Trump's threat to Iran that strikes will resume if talks with the Gulf nations fail to produce a framework for a peace deal.
The Nasdaq Composite and the S&P 500 fell for a third consecutive session on Tuesday and Treasury yields jumped, while traders assessed US President Donald Trump's latest remarks on the conflict with Iran.
American Tower (AMT) said late Tuesday it priced a public offering of 750 million euros in senior unsecured notes due 2033 at 99.663% of face value with a 4% annual interest rate.
Veon (VEON) said late Tuesday its Veon Midco unit has priced its offering of $700 million of 6.95% senior unsecured notes due 2031 and another $700 million of 7.45% of notes due 2033 at par of their principal amounts. The offering reflects its balance sheet optimization, it said. Net proceeds will be used to refinance its debt, including the purchase of its 3.375% senior notes due 2027, the company said.
The Toronto Stock Exchange fell again Tuesday, following Friday's tumble ahead of the holiday weekend in Canada, but this time it was lower on a more local issue as market watchers are divided over whether to prepare for the Bank of Canada turning more dovish or hawkish on interest rates.
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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