AHP Funds Will Offset Costs to Build Two Austin Apartments. The Federal Home Loan Bank of Dallas and Wells Fargo awarded $1.5 million via two Affordable Housing Program subsidies for affordable rental developments in the works in Austin, Texas. This press release features multimedia.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of four new members of its Affordable Housing Advisory Council and one reappointment.
Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022 DNA1 Notes, Freddie Mac STACR REMIC Trust 2022-DNA1, a credit risk sharing transaction with a total note offering of $1,353,000,000.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.
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 Mountain West Farm Bureau Mutual Insurance Company.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
Visa today announced that the U.S. Spending Momentum Index was 108.4 in December, its strongest reading for the month since the start of the index. The Visa SMI is an economic indicator of the health of consumer spending. By category, the SMI for discretionary purchases fell 4.9 points from the previous month to 103.
Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
Webcast and Conference Call Scheduled for Thursday, Jan. 27, at 8 a.m. ET Sallie Mae? will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, Jan. 27, 2022, at 8 a.m. ET.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Insurance House P.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect IH?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 management.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Mandal Daatgal JSC. The ratings reflect Mandal?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Manhattan Life Assurance Company of America, The Manhattan Life Insurance Company, Family Life Insurance Company and Western United Life Assurance Company.
MADRID---- Regulatory News: Colonial and its French subsidiary Soci?t? Fonci?re Lyonnaise have announced their intention to convert all the outstanding bonds of the Colonial Group into ?green bonds?. With this objective, the Group led by Juan Jos? Brugera and Pere Vi?olas has prepared a Green Financing Framework to align the Group's financing strategy with its sustainability objectives.
January 11, 2022 -- Triton International Limited (TRTN) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 at an offering price of 99.600% of the principal amount thereof.
KBRA assigns a long-term AA+ rating with a Stable Outlook to the State of Wisconsin?s Master Lease Certificates of Participation of 2022, Series A. Concurrently, KBRA affirms the long-term AA+ rating with a Stable Outlook on $62 million of outstanding COPs; the long-term AAA rating with a Stable Outlook on outstanding General Obligation bonds; and the short-term K1+ rating on the G.O. Commercia...
KBRA is pleased to announce the assignment of preliminary ratings to four classes of FREMF Series 2022-K137 mortgage pass-through certificates and three classes of Freddie-Mac structured pass-through certificates, Series K-137. The underlying transaction is collateralized by 42 fixed-rate multifamily mortgage loans.
AM Best has withdrawn the Long-Term Issuer Credit Rating of ?bbb-? of Independence Insurance Holding Company, headquartered in Stamford, CT. At the time of the withdrawal, this Credit Rating was under review with developing implications. AM Best?s policy is for a final rating to be completed along with a rating withdrawal.
KBRA assigns preliminary ratings to 65 classes from Connecticut Avenue Securities, Series 2022-R01, a credit risk sharing transaction with a total note offering of $1,506,261,000. The Reference Pool consists of 180,002 residential mortgage loans with an outstanding principal balance of approximately $53.7 billion as of the cut-off date.
-? S&P, Moody?s and Fitch reaffirmed Avolon?s investment grade rating with Stable outlook; -? Raised $3.7bn of debt capital at a cost of 2.5% and increased total revolving debt capacity from $4.8 to $5.9 billion; -? Delivered, transitioned and sold a total of 91 aircraft; executed 229 lease transactions during 2021; -? Owned and managed fleet increased by 4% to 592 aircraft during 2021; -? Anno...
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 ?ccc+? from ?bb+? of PT Asuransi Jasa Indonesia.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of National Indemnity Company and its affiliates. The ratings of National Indemnity reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable 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 Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.
KBRA releases research that discusses the private label commercial mortgage-backed securities market?s continued reliance on the London Interbank Offered Rate in 2021, despite the looming cessation of the index.
Gilmore & Bell, P.C., a leading public finance law firm, is pleased to announce that Jacob B. Carlton has been named director in the Salt Lake City office. Mr. Carlton assists clients with municipal finance matters, focusing on tax-exempt private activity bonds including housing and 501 bonds.
KBRA assigns a long-term rating of BBB with a Stable Outlook to the Board?s Unlimited Tax General Obligation Bonds, Series 2022A and Unlimited Tax General Obligation Refunding Bonds, Series 2022B. Concurrently, KBRA upgrades the long-term ratings on the Board of Education of the City of Chicago?s outstanding General Obligation bonds.
KBRA releases the December 2021 issue of CMBS Trend Watch. CMBS private label pricing volume totaled $6.5 billion for December, bringing total issuance in 2021 to $110 billion. In December, KBRA published pre-sales for six deals including three conduits, one SB transaction, one single-family rental, and one small balance commercial.
TA Associates, a leading global growth private equity firm, today announced promotions earned by investment staff members in TA?s Boston, Menlo Park, London, Mumbai and Hong Kong offices, effective January 1, 2022.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on February 1, 2022 to shareholders of record at the close of business on January 20, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Woodforest National Bank and FHLB Dallas Disburse More Than $49,000. Woodforest National Bank? and the Federal Home Loan Bank of Dallas worked together to disburse more than $49,000 in Special Needs Assistance Program funding to nine homeowners in the Beaumont-Port Arthur area of Texas and a 10th in Ellis County south of Dallas, Texas, to make home repairs. This press release features multimedia.
Dallas-based Preston Hollow Capital, an independent specialty municipal finance company that supports local communities through social impact financing, announced the completion of a $10.85 million purchase of special assessment revenue bonds relating to the Ojus Sanitary Sewer Special Benefit Area, located in Miami-Dade County, Florida.
Southwestern Energy Company (SWN) today announced that it has closed the acquisition of GEP Haynesville, LLC. In December, the Company completed an offering of $1.15 billion of 4.75% senior notes due 2032 and a $550 million institutional term loan to fund the cash consideration for the acquisition and tender for $300 million of its 2025 senior notes.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., 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.
The Trustees of The Putnam Funds declare the following distributions today. 19 NOTICE Putnam Short Duration Bond Fund As of December 16, 2021, the fund had net realized and unrealized losses of $0.072 per share, of which $0.068 represents unrealized depreciation of portfolio securities.
In November, home prices across the United States rose at a slower pace than the month prior but continued to appreciate at higher than 2021 average monthly rates. This press release features multimedia. The Radian HPI also rose +13.4 percent year-over-year.
Fifth District Savings Bank and FHLB Dallas Provide Funds to Ozanam Inn Fifth District Savings Bank and the Federal Home Loan Bank of Dallas awarded a $750,000 Affordable Housing Program subsidy to Ozanam Inn, which is wrapping up a retrofit at its new location. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Al-Sagr National Insurance Company P.S.C.. The outlook of these Credit Ratings is negative. The ratings reflect ASNIC?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
First U.S. bank holding company with under $150 billion in consolidated total assets ? and eighth overall ? to issue a bond with proceeds dedicated to financing the clean energy transition Forbright Inc., recently rebranded from Congressional Bancshares, Inc., or Forbright, announced today the completion of the private placement of its inaugural Green Bond, offering $125 million in fixed-to-flo...
Bioceres Crop Solutions Corp. (BIOX), a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that its subsidiary Rizobacter Argentina S.A. has completed a $20 million public offering of Series VII corporate bonds in the Argentine market.
First Interstate BancSystem, Inc. (FIBK), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (GWB), parent company of Great Western Bank, today jointly announced that they have received the required regulatory clearances from the Board of Governors of the Federal Reserve System and the Montana Division of Banking and Financial Institutions related to the proposed merger of FIBK and GWB...
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of the members of Nationwide Group. In addition, AM Best has affirmed the Long-Term IRs of ?a? of the surplus notes issued by Nationwide Mutual Insurance Company.
AM Best has revised the outlooks to stable from positive for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of C and Long-Term ICR of ?ccc? of Friday Health Plans of Colorado, Inc.. The outlook of the FSR is stable.
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today announced that it has transitioned all open interest held in its LIBOR-based Three Month Sterling futures and options and Three Month Euro Swiss Franc futures into their risk free rate equivalent contracts, Three Month SONIA Index futures and options and Three Month SARON Index futures.
Actively managed fund designed to provide targeted exposure to California munis IndexIQ, a leading provider of innovative investment solutions, today announced the launch of the IQ MacKay California Municipal Intermediate ETF, the latest addition to the firm's fast-growing suite of municipal bond ETF offerings.
Dun & Bradstreet Holdings, Inc. (DNB), a leading global provider of business decisioning data and analytics, announced today that its indirect wholly owned subsidiary, The Dun & Bradstreet Corporation, has completed its previously announced offering of $460.0 million aggregate principal amount of 5.00% senior notes due 2029 in a private offering.
Newmont Corporation (NEM) announced today that it has received aggregate net proceeds of approximately $992 million, after deducting underwriting discounts, upon the closing of its registered public offering of $1 billion aggregate principal amount of 2.600% Sustainability-Linked Senior Notes due 2032.
Grants to Hispanic Association of Colleges and Universities and Point Foundation Part of Multi-Year Commitment to Promote Diversity and Advance Social Justice The Sallie Mae Fund, the charitable arm of Sallie Mae?, today announced grants of $125,000 each to Hispanic Association of Colleges and Universities and Point Foundation.
Bonaventure, an integrated investment asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the MidAtlantic and Southeastern regions announced today the acquisition of two luxury apartment communities in Virginia, Messenger Place and Magnolia Run. The two properties were acquired in separate off-market transactions.
Supply chain challenges will continue to disrupt key industries; inflation to diminish starting in the second half of the year Multiple transitions will impact the global economy next year: COVID-19 moving from pandemic to endemic, fiscal policy stimulus to restraint and an energy transition from hydrocarbons to renewables.
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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