Business Activity Index at 55.5%; New Orders Index at 51.9%; Employment Index at 52.7%; Supplier Deliveries Index at 60.8%?. TEMPE, Ariz. Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management? Services Business Survey Committee: "The Services PMI? registered 55.3 percent, 3.4 percentage points lower than the January reading of 58.7 percent.
ROSELAND, N.J., March 3, 2021 Private sector employment increased by 117,000 jobs from January to February according to the February ADP? National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute? in collaboration with Moody's Analytics.
NEW YORK, March 3, 2021 ?Empowering?broker-dealers and institutional investors to better connect and trade corporate bonds digitally, Broadridge Financial Solutions (BR), Inc.?, a global Fintech leader, today announced that the U.S. Patent and Trademark Office has granted LTX, a Broadridge company,?U.S. Patent No.10922773. The patent covers its artificial intelligence-driven RFX digital trading prot...
BOSTON, March 2, 2021 Haemonetics Corporation (HAE) today announced the pricing of its offering of $435,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be senior, unsecured obligations of Haemonetics.
THOMASVILLE, Ga., March 2, 2021 Flowers Foods, Inc. (FLO), producer of Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Tastykake, and other bakery foods, today announced the pricing of the public offering of $500 million aggregate principal amount of 2.400% senior notes due 2031.
CHARLOTTE, N.C., March 2, 2021 ?Truist Financial Corporation (TFC) demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion in aggregate principal amount. "We were thrilled by investor reception of our first social bond, particularly in the face of significant market volatility," said Corporate Treasurer Donna Goodrich.
WASHINGTON, March 2, 2021 Fannie Mae (FNMA) has appointed Simon Johnson and Christopher J. Brummer to its Board of Directors. "We're pleased to welcome both Simon and Christopher to Fannie Mae's Board of Directors," said Sheila C. Bair, Chairwoman of the Board, Fannie Mae.
SAN FRANCISCO, March 2, 2021 Airbnb, Inc. (ABNB) today announced its intention to offer, subject to market and other conditions, $2,000,000,000 aggregate principal amount of convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
INDIANAPOLIS, March 2, 2021 AM Best has affirmed the Financial Strength Ratings of A and Long-Term Issuer Credit Ratings of "a" for Renaissance Life & Health Insurance Company of America, Indianapolis, Ind. and Renaissance Life & Health Insurance Company of New York, Binghamton, NY. The effective date for all these ratings is Jan. 8, 2021, and AM Best maintained an outlook of stable for these r...
MAYFIELD HEIGHTS, Ohio, March 2, 2021 ?State Industrial Products, a leading chemical manufacturer and distributer of disinfectants and other products that help customers enhance building environments and improve equipment productivity, is proud to have been chosen as a 2021 Evolution of Manufacturing honoree. Keith Clouston, Vice President of Operations said.
NEW YORK, March 2, 2021 ?StoneX Group Inc. (SNEX) today announced that it has purchased a minority stake in Tigress Financial Partners. Cynthia DiBartolo, Esq. Alexandra Selby, Managing Director and Head of Agency Debt Sales for StoneX Financial Inc. commented on the news, "It's a privilege to partner with such a proven leader in the Minority & Woman-Owned Brokerage space.
ESTERO, Fla. $4.2 billion to purchase up to 100% of the common stock of the reorganized Hertz. The proposed Plan would provide for a new, sustainable capital structure that would substantially reduce Hertz's corporate debt and provide for a less leveraged vehicle debt structure. Overall, the proposed Plan will enable Hertz to exit Chapter 11 stronger both financially and operationally.
BURLINGTON, Mass. and?PLANO, TX, March 1, 2021 Keurig Dr Pepper Inc.?announced today the pricing of its previously announced public offering of senior notes. The Notes will be the unsecured and unsubordinated obligations of the Company and will rank equally in right of payment with all of the Company's current and future unsubordinated indebtedness.
JUJUY, Argentina, March 1, 2021 The Province of Jujuy announced today that it has reached an agreement in principle with an ad hoc group of bondholders represented by VR Advisory Services Ltd., with respect to certain proposed amendments to the terms of the Province's U.S.$210 million aggregate principal amount of 8.625% Notes due 2022.
New Orders, Production & Employment Growing Supplier Deliveries Slowing at Faster Rate; Backlog Growing Raw Materials Inventories Contracting; Customers' Inventories Too Low Prices Increasing; Exports and Imports Growing TEMPE, Ariz.
BURLINGTON, Mass. and PLANO, Texas, March 1, 2021 Keurig Dr Pepper Inc.?announced today the commencement of a public offering of senior notes and the Company's intent to enter into a new 364-day revolving credit facility.
WASHINGTON, Feb. 26, 2021 Fannie Mae's January 2021 Monthly Summary is now available. About Fannie MaeFannie Mae (FNMA) helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. Fannie Mae Newsroomhttps://www.fanniemae.com/news.
LUXEMBOURG, Feb. 26, 2021 ?Ardagh Group (ARD) announces that Ardagh Metal Packaging S.A. has priced the following transactions, totalling approximately $2.8 billion equivalent: The issuance follows the announcement on February 23, 2021 of the proposed combination of its metal packaging business with Gores Holdings V Inc (GRSV), under which Gores Holdings V (GRSV) will combine, subject to a shareholder vote, with ...
NEW YORK, Feb. 25, 2021 ?Lument has announced the closing of a $41.5 million Freddie Mac loan to refinance Hillcrest Country Estates Grand Lodge, an upscale senior living community in Papillion, Nebraska.
WASHINGTON, Feb. 25, 2021 Three central lessons have emerged from the COVID-19 pandemic that can help address climate change, according to the 2021 Council Perspective?from the global strategy and management consulting firm Kearney. Read the full report here. About Kearney As a global consulting partnership in more than 40 countries, our people make us who we are.
REDWOOD CITY, Calif. The ?500 million 0.250% Senior Notes due 2027 and ?600 million 1.000% Senior Notes due 2033 have a weighted average interest cost of 0.66%, representing a 2.215% reduction in cost relative to Equinix's (EQIX) existing Euro-denominated Senior Notes.
DALLAS, Feb. 25, 2021 ?Oncor Electric Delivery Company LLC today reported twelve months ended December 31, 2020 net income of $713 million compared to reported twelve months ended December 31, 2019 net income of $651 million.
HONG KONG, Feb. 25, 2021 The COVID-19 crisis has revealed several key issues in the procurement of medical equipment. Trusted COVID-19 Essential Supplies Repository demo video: http://bit.ly/TCESR-demo The vast scale of the effects of broken procurement of essential protective equipment was clearly visible in a single Interpol action fighting counterfeit products that spanned over 90 countries.
ST. LOUIS, Feb. 24, 2021 Ameren Corporation (AEE) announced today the pricing of a public offering of $450 million aggregate principal amount of 1.75% senior notes due 2028 at 99.908% of their principal amount. Ameren (AEE) intends to use the net proceeds of the offering for general corporate purposes, including to repay its short-term debt.
LONDON, Feb. 24, 2021 HSBC, Intel, Arup, and Tesco are among the global businesses backing the launch of a new business network created to help companies, cities, and governments confront emerging global economic and environmental shocks.
LUXEMBOURG, Feb. 24, 2021 Ardagh Group (ARD) announces that Ardagh Metal Packaging S.A. has today, through its wholly-owned subsidiaries, Ardagh Metal Packaging Finance plc and Ardagh Metal Packaging Finance USA LLC, launched a bond financing of approximately $2.65 billion equivalent, through the issue of $600 million US Dollar Senior Secured Notes due 2028, $550 million equivalent Euro Senior Secure...
DENVER, Feb. 24, 2021 DaVita Inc. (DVA) announced today the upsize and pricing of its previously announced private add-on offering of $750 million aggregate principal amount of its 4.625% senior notes due June 1, 2030. ?The principal amount of the notes will be increased from $750 million to $1 billion, and the notes will be issued at an offering price of 101.750% of their face amount.
ROSELAND, N.J., Feb. 24, 2021 WHAT: ADP Research Institute??will release the February findings of the?ADP National Employment Report,?ADP Small Business Report?and?ADP National Franchise Report?on?Wednesday, March 3, 2021 at?8:15 a.m. ET.
DENVER, Feb. 24, 2021 ?DaVita Inc. (DVA) announced today that it has commenced a private add-on offering of $750 million aggregate principal amount of its 4.625% senior notes due June 1, 2030, subject to market and other conditions.
NEW YORK, Feb. 23, 2021 ?The Federal Home Loan Bank of New York today released its unaudited financial highlights for the quarter and year ended December 31, 2020.
SAN DIEGO, Feb. 23, 2021 ?Synergy One Lending, home of The Modern Mortgage Experience?, in their latest webinar series, THE SHIFT, presents "Winning Big with FinTech" on March 3rd at 11am PST with Henry Cason, one of the foremost authorities on the digital mortgage landscape, former head of digital strategy at Fannie Mae and the Creator of Fannie Mae's Day 1 Certainty Program.
NEW YORK and GENEVA and BRUSSELS, Feb. 23, 2021 ?International advocacy organization?Global Citizen today launched a Recovery Plan for the World - a campaign to end COVID-19 for all and kickstart a global recovery.
NEW YORK, Feb. 23, 2021 ?The Conference Board Consumer Confidence Index? improved again in February, after increasing in January. The monthly Consumer Confidence Survey?, based on a probability-design random sample, is conducted for The Conference Board by Nielsen (NLSN), a leading global provider of information and analytics around what consumers buy and watch.
CINCINNATI, Feb. 23, 2021 The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the year ended December?31, 2020. Operating Results Balance Sheet Highlights Dividend Housing and Community Investment Global Pandemic Update The FHLB expects to file its 2020 Form 10-K with the Securities and Exchange Commission on or about March?18, 2021.
WASHINGTON, Feb. 23, 2021 ?The Chemical Activity Barometer, a leading economic indicator created by the American Chemistry Council, rose 1.0% in February on a three-month moving average basis following a 1.8% increase in January. The unadjusted data show a 0.3% gain in February following a 2.0% increase in January.
ATLANTA, Feb. 23, 2021 Automation, which was accelerated by the COVID-19 pandemic, has significantly disrupted the world of work, leading to new forms of employment that are replacing the traditional full-time open-ended contract model, according to the 2021 edition of Randstad's Flexibility@Work: Embracing Change?report.
NEW YORK, Feb. 22, 2021 W. P. Carey Inc. (WPC) announced today that it has priced an underwritten public offering of ?525 million aggregate principal amount of 0.950% Senior Notes due 2030, which will be issued by its indirectly wholly-owned subsidiary, WPC Eurobond B.V., and shall be fully, unconditionally and irrevocably guaranteed by W. P. Carey Inc. The Notes were offered at 99.335% of the princi...
NEW YORK, Feb. 22, 2021 ?The Conference Board Leading Economic Index? ?for the?U.S. increased 0.5 percent in January to 110.3, following a 0.4 percent increase in December?and a 0.9 percent increase in November.
SAN FRANCISCO, Feb. 22, 2021 ?Prologis (PLD), Inc., the global leader in logistics real estate, today announced the closing of approximately $2.0 billion of senior unsecured notes. The blended coupon rate associated with the financings was approximately 0.9% with a weighted average term of more than 13 years.
STOCKHOLM, Feb. 22, 2021 Ocean Yield ASA (OYIEF) has today notified Nordic Trustee, who is acting as bond trustee for the above mentioned bond issue that the Company exercises the call option in accordance with the bond agreement to prepay NOK 200,000,000 outstanding under the Bond Issue.
BOSTON, Feb. 19, 2021 The Federal Home Loan Bank of Boston announced its preliminary, unaudited fourth quarter and annual financial results for 2020, reporting net income of $22.2 million for the quarter and $120.3 million for the year.
NEW YORK, Feb. 18, 2021 ?The Federal Home Loan Bank of New York is pleased to announce that, on February 18, 2021, its Board of Directors approved a dividend for the fourth quarter of 2020 of 5.00 percent.
OSLO, Norway, Feb. 18, 2021 Reference is made to notification dated 15 February 2021. Elkem ASA (ELKEF) has today successfully issued NOK 1,250 million in new unsecured bonds. In connection with the bond issue, Elkem ASA (ELKEF) has bought back NOK 419 million in ELK01. SEB and Swedbank have acted as Joint Lead Managers for the bond issue.
SEATTLE, Feb. 18, 2021 ?Milliman, Inc., one of the premier global consulting and actuarial firms, today announced a stellar line-up of over 50 influential leaders across business, government, academia, and not-for-profit sectors who will speak at the inaugural Milliman Climate Resilience Forum, March 2 ? 4, 2021.
KANSAS CITY, Mo., Feb. 18, 2021 ?On the heels of the three-year anniversary of its first exchange traded funds, global asset management firm American Century Investments today rolled out the latest additions to its lineup: American Century? Quality Convertible Securities ETF and American Century American Century Quality Preferreds ETF, listed on the CBOE BZX Exchange, Inc.. QCON is designed for...
CHICAGO, Feb. 18, 2021 The Appraisal Institute in collaboration with Fannie Mae and the National Urban League today announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative. Rodman Schley, MAI, SRA.
WASHINGTON, Feb. 18, 2021 ?The U.S. economy is expected to grow 6.7 percent in 2021, an improvement not only from last year's 2.5 percent contraction but up, too, compared to last month's forecast of 5.3 percent, according to the February 2021 commentary from the Fannie Mae Economic and Strategic Research Group.
MT. PLEASANT, Mich. The elimination of $100 million of Federal Home Loan Bank debt, resulting in a one-time noninterest expense of $7.6 million, will lower future annual interest expenses by $2.8 million. The move was one of two essential actions the Corporation took in the fourth quarter as part of a five-year strategic plan to improve financial performance metrics of its core businesses.
BOSTON ?Globalization Partners, which enables companies to hire anyone, anywhere, quickly and easily, via its automated and compliant global Employer of Record platform?today announced a new offering?with ADP TotalSource, a leading Professional Employer Organization, certified1?by the IRS and accredited by Employer Services Assurance Corporation.
TOKYO, Feb. 17, 2021 Trend Micro Incorporated (TMICF), a global leader in cybersecurity solutions, today announced earnings results for the fourth quarter of fiscal year 2020, ending December 31, 2020. In the fourth quarter of 2020, Trend Micro (TMICF) continued its steady growth path with a solid 7% growth in net sales at constant currency, for both the quarter and the full year.
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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