Worthington Steel (WS) said Tuesday its subsidiary, WS Escrow, plans to issue $900 million in senior secured notes due 2033. The company said it plans to use the proceeds, along with funds from a new term loan, mainly to support its planned acquisition of Kloeckner. The notes offering is not conditioned on the consummation of the Kloeckner acquisition, the company added.
Element Fleet Management (ELEEF) 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, it said on Tuesday.
Element Fleet Management Corp. (ELEEF), the largest publicly traded pure play automotive fleet manager in the world and a global leader in intelligent fleet and mobility solutions, 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.
PARSIPPANY, N.J., May 26, 2026 PBF Energy Inc. (PBF) today announced that its indirect subsidiary, PBF Holding Company LLC, intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior notes due 2034 in a private offering.
Canada's Manulife
Financial Corp (MFC) has raised S$500 million through a 10-year subordinated Tier-2 bond with a non-call period of five years at a launch yield of 2.88%, an updated term sheet showed on Tuesday. Here are some details: * The final price guidance for the offering was set at 2.88%, tightening from initial price guidance of about 3.20%, according to the term sheet.
Australian stock exchange operator ASX Ltd (ASXFF) on Tuesday warned of a sharp rise in 2027 spending for technology upgrades and new product developments, sending its shares plunging more than 13% in their worst day in more than two decades and a half.
Canadian insurer Manulife
Financial Corp (MFC) has launched a 10-year Singapore dollar-denominated subordinated Tier-2 bond with a non-call period of five years, according to a term sheet on Tuesday. Here are a few details: * The initial price guidance for the offering was set at about 3.20%, according to the term sheet.
AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of ?a+? to Desjardins Financial Security Life Assurance Company. The ratings reflect DFS? 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.
BJ?s Wholesale Club today announced that Fitch Ratings has assigned a first-time Long Term Issuer Default Rating of ?BBB? to the company. "Fitch?s investment-grade ratings reflect BJ?s continued growth and commitment to financial discipline,? said Laura Felice, Chief Financial Officer, BJ?s Wholesale Club.
Esentia Energy Development SA de CV : * ESENTIA ENERGY DEVELOPMENT SA DE CV - COMPLETES US$2 BILLION SENIOR UNSECURED NOTES OFFERING Source text: Further company coverage:
MEXICO CITY, May 21, 2026 ?ESENTIA Energy Development, S.A.B. de C.V.? today announced the successful settlement of US$2 billion senior unsecured 144A/Reg S notes offering. This transaction represents a pivotal milestone in ESENTIA's corporate evolution. "This is a defining moment for ESENTIA.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Nacional de Seguros S.A. Compa??a de Seguros Generales. The ratings reflect Nacional de Seguros? balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Intact Insurance Company, the lead company of Intact Financial Corporation (IFCZF) [TSX: IFC], as well as the core insurance subsidiaries of IFC.
Proceeds to Support Maturity Extension and General Corporate Purposes SAN DIEGO, May 21, 2026 National Funding, a leading provider of small business financing solutions, today announced the successful completion of a $70 million senior unsecured notes offering, upsized from $55 million, reflecting strong investor demand.
The Kraft Heinz Company (KHC) announced today the early tender results, as of 5:00 p.m., New York City time, on May?20, 2026, and the satisfaction of the condition to receive proceeds of an offering of new senior unsecured notes on terms satisfactory to the Issuer, in each case in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary, to purchase for cash ...
Bird Construction (BIRDF) announced Thursday that Morningstar DBRS has assigned the company an investment-grade Issuer Rating of BBB with a Stable trend.
Osisko Development (OSDVF) priced a $275 million offering and a concurrent private placement of 4.125% convertible senior unsecured notes due June 15, 2031, the company said Thursday. Qualified institutional buyers have agreed to purchase $225 million of the notes, while company affiliate Double Zero Capital will buy $50 million.
Molson Coors Beverage Company (TAP/A) announced today that it has priced its previously announced public offering of $1,500,000,000 aggregate principal amount of its senior notes, consisting of $500,000,000 aggregate principal amount of 4.900% Senior Notes due 2031 and $1,000,000,000 aggregate principal amount of 5.500% Senior Notes due 2036.
TORONTO, May 20, 2026 ?Hydro One Limited (HRNNF), Ontario's largest electricity transmission and distribution company, today announced that its wholly-owned subsidiary, Hydro One Inc., has priced an inaugural offering of US$1.0 billion aggregate principal amount of 4.750% senior notes due May 30, 2031?. The offering is expected to close on or about May 26, 2026, subject to customary closing conditions.
Moody's Ratings on Wednesday downgraded Mexico's credit rating to "Baa3" from a prior level of "Baa2", and changed its outlook to stable from negative.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Ratings of ?bbb? and the Mexico National Scale Ratings of ?aa.MX? of CESCE M?xico, S.A. de C.V. and its affiliate, CESCE Fianzas M?xico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating of B+, the Long-Term Issuer Credit Rating of ?bbb-? and the Mexico National Scale Rating of ?aa-.MX? of Armour Secure Insurance S.A. de C.V.. The Credit Ratings reflect Armour?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business...
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Missouri Valley Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Asian Reinsurance Corporation. The ratings reflect Asian Re?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.
Molson Coors Beverage (TAP/A) said Wednesday that it has commenced an underwritten public offering of US dollar-denominated senior notes. The brewing company expects the offering to close on or about May 27, subject to customary closing conditions. Molson Coors (TAP/A) said it intends to use the net proceeds for general corporate purposes, including repayment of the $2 billion 3% senior notes due 2026.
Molson Coors Beverage Company (TAP/A) announced today that it has commenced an underwritten public offering of U.S. dollar-denominated senior notes. Molson Coors (TAP/A) intends to use the net proceeds of the Offering for general corporate purposes, including the repayment of the $2.0 billion 3.00% Senior Notes due 2026.
Upgrades Driven by Strong Financial Performance and Positioning in Global Aerospace Engine MRO Market StandardAero, Inc. (SARO), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul and engine component repair, announced today that Moody?s Ratings recently upgraded the Company?s ratings based on its consistent positive earn...
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.
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.
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.
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.
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.
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.
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.
VEON Successfully Prices USD 1.4 Billion Bond Offering Dubai and New York, May 19, 2026 ? VEON Ltd. (VEON), a global digital operator, today announces that its subsidiary VEON Midco B.V. has priced its previously announced USD 1.4 billion bond offering of senior unsecured US dollar notes, guaranteed by VEON Amsterdam B.V., in two tranches: The Offering represents a milestone in VEON?s ongoing balance ...
American Tower Corporation (AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2033 in an aggregate principal amount of ?750.0 million. The net proceeds of the offering are expected to be ?742.7 million, after deducting underwriting discounts and estimated offering expenses.
AM Best has assigned a Long-Term Issue Credit Rating of ?a+? to Chubb INA Holdings LLC?s recently announced USD 1.0 billion issuance of 5.3% senior unsecured notes due 2036 in the U.S. market, which are guaranteed by Chubb Limited.
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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