Amsterdam, 27 September 2023 ? Since the start of 2022, Azerion has seen a period of significant transformation and growth including its listing on Euronext Amsterdam, the completed sale of the Youda card games portfolio and the recently announced placement of EUR 165 million of senior secured floating rate bonds.
SWK Holdings Corp (SWKH): * SWK HOLDINGS CORPORATION ANNOUNCES PUBLIC OFFERING OF SENIOR UNSECURED NOTES DUE 2028. * SWK Holdings Corp (SWKH) - PLANS TO OFFER $30 MILLION OF SENIOR UNSECURED NOTES DUE 2028 IN A REGISTERED UNDERWRITTEN PUBLIC OFFERING Source text for Eikon: Further company coverage:
Sitio Royalties Corp (STR): * SITIO ROYALTIES PRICES UPSIZED $600 MILLION OFFERING OF SENIOR NOTES. * Sitio Royalties Corp (STR) - SIZE OF OFFERING WAS INCREASED FROM $500 MILLION. * Sitio Royalties Corp (STR) - PRICING OF $600 MILLION SENIOR UNSECURED NOTES DUE 2028 BY ITS SUBSIDIARIES.
Sitio Royalties Corp. (STR) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 by its subsidiaries, Sitio Royalties Operating Partnership, LP, and Sitio Finance Corp.. The size of the offering was increased from $500 million. The offering is expected to close on October 3, 2023, subject to customary closing conditions.
DALLAS, Sept. 26, 2023 SWK Holdings Corporation (SWKH) today announced that it plans to offer?$30 million?in aggregate principal amount of senior unsecured notes due 2028 in a registered underwritten public offering. In connection with the Offering, SWK has applied to list the Notes on the Nasdaq Global Market under the symbol "SWKHL".
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Jet Insurance Company. The Credit Ratings reflect Jet?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.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 5.276% senior unsecured medium-term notes, due 2054, issued by Intact Financial Corporation.
Sitio Royalties Corp (STR): * SITIO ROYALTIES ANNOUNCES $500 MILLION OFFERING OF SENIOR NOTES. * Sitio Royalties Corp (STR) - INTEND TO OFFER AND SELL $500 MILLION OF SENIOR UNSECURED NOTES DUE 2028 Source text for Eikon: Further company coverage:
Higher interest rates and a near stalling of Europe's economy will put pressure on the credit ratings of the region's companies, property firms and banks and drive up default rates, S&P Global said on Tuesday. "The trend in credit quality is turning negative for corporates, especially for speculative-grade issuers, as financing conditions tighten," the rating firm said in a new report.
Investors who bought default insurance on France's Casino Guichard Perrachon SA bonds are getting a nearly full payout after a committee that reviews disputes in the credit default swaps market said a credit event had occurred.
S&P: * S&P: SRI LANKA LOCAL CURRENCY RATINGS RAISED TO 'CCC+/C' FROM 'SD/SD'; OUTLOOK STABLE. * S&P SAYS ADOPTING A FORWARD-LOOKING OPINION ABOUT SRI LANKA'S CREDITWORTHINESS ON ITS LOCAL CURRENCY OBLIGATIONS POST-DEFAULT.
* FITCH REVISES OUTLOOK ON BANGLADESH TO NEGATIVE; AFFIRMS AT 'BB-' * FITCH: RATINGS ARE AFFIRMED, REFLECTING BANGLADESH'S MANAGEABLE EXTERNAL-DEBT REPAYMENT PROFILE. * FITCH SAYS BANGLADESH'S NEGATIVE OUTLOOK REFLECTS A DETERIORATION IN EXTERNAL BUFFERS, WHICH HAS INCREASED VULNERABILITY TO SHOCKS Source text for Eikon:
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW) and the fifth-largest provider1 of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF and the Schwab U.S. TIPS ETF, bringing the fees for Schwab Asset Management?s entire lineup of fixed income ETFs to only three basis points.
LONDON & HO CHI MINH CITY, Vietnam---- To avoid issuance of an acceleration notice, No Va Land Investment Group Corp. must engage with an Ad Hoc Group of international bondholders, comprising investors with a combined AUM in excess of USD15bn, holding over 75% of USD 300m convertible bonds, to negotiate a restructuring agreement in good faith.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Reaseguradora Delta, S.A.. The outlook of these Credit Ratings is stable.
Sunnova Energy International Inc (NOVA): * SUNNOVA ANNOUNCES PRICING OF OFFERING OF $400 MILLION "GREEN BOND" * SUNNOVA ENERGY INTERNATIONAL (NOVA) - ANNOUNCED PRICING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF GREEN 11.750% SENIOR NOTES DUE 2028 IN A PRIVATE PLACEMENT Source text for Eikon: Further company coverage:
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group.
Sunnova Energy Corporation, a wholly owned subsidiary of Sunnova Energy International Inc. (NOVA), today announced the pricing of $400 million aggregate principal amount of green 11.750% senior notes due 2028 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended and to non-U.S. persons outside of the United States in reliance on Regulation S...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Compa??a Reaseguradora del Ecuador S.A.. The outlook of these Credit Ratings is positive.
AM Best has downgraded the Financial Strength Rating to C from C++ and the Long-Term Issuer Credit Rating to ?ccc? from ?b+? of Insurance House P.S.C.. Concurrently, AM Best has withdrawn these Credit Ratings as the company has requested to no longer participate in AM Best?s interactive rating process.
VALLEY FORGE, Pa., Sept. 22, 2023 Vanguard today announced plans to introduce Vanguard Core Bond ETF and Vanguard Core-Plus Bond ETF, two active fixed income ETFs that will be managed by Vanguard Fixed Income Group.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of East Africa Reinsurance Company Limited. The ratings reflect EARe?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.
Fitch: * FITCH UPGRADES CREDIT SUISSE TO 'A+' ON UBS INTEGRATION PLANS. * FITCH - UPGRADED CREDIT SUISSE AG'S LONG-TERM ISSUER DEFAULT RATING TO 'A+' FROM 'A' * FITCH ON CREDIT SUISSE AG SAYS VIABILITY RATING HAS BEEN UPGRADED TO 'BBB' FROM 'BB' AND REMOVED FROM RATING WATCH POSITIVE Source text for Eikon: Further company coverage:
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of National Reinsurance Corporation of the Philippines. The ratings reflect Nat Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
On CNBC's "Halftime Report Final Trades," Jenny Harrington of Gilman Hill Asset Management said NNN REIT, Inc. has 6.1% dividend yield. NNN REIT priced its public offering of $500 million of 5.600% senior unsecured notes due 2033. Benzinga's analyst rating data shows a consensus Buy rating on NNN REIT.
Alimentation Couche-Tard Inc (ANCTF) : * . PRICES PRIVATE OFFERING OF SENIOR UNSECURED NOTES. * PRICED C$800 MILLION PRINCIPAL AMOUNT OF 5.592% SERIES 7 SENIOR UNSECURED NOTES DUE SEPTEMBER 25, 2030 Source text for Eikon: Further company coverage:
LAVAL, QC, Sept. 21, 2023 ?Alimentation Couche-Tard Inc. (ANCTF) announced today that it has priced Cdn.$800,000,000 principal amount of 5.592% Series 7 Senior Unsecured Notes due September 25, 2030, in a private offering in all of the provinces of Canada. The Offering is expected to close on or about September 25, 2023, subject to customary closing conditions.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Associated Mutual Insurance Cooperative. The ratings reflect Associated Mutual?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Samsung Fire & Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Sompo Seguros Mexico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Sompo Japan Insurance Inc. and its subsidiaries. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? of Sompo International Holdings Ltd.. In addition, AM Best has affirmed the Long-Term Issue Credit Rating of ?a-? on $335 million 7% senior unsecured notes due by 2034.
Mercer International Inc. (MERC) today announced that it has completed its previously announced private offering of $200.0 million aggregate principal amount of 12.875% senior notes due October 1, 2028. The 2028 Notes were issued at a price of 100.000% of their principal amount.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Quest Insurance Group Limited. These ratings reflect Quest?s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank
Group (SFTBF) to positive from stable after the initial public offering of British chip designer, Arm Holdings, its largest asset, last week. S&P said the listing has led to a substantial improvement in the liquidity of SoftBank's investment portfolio and that this is likely to endure for the next year or so.
Sunnova Energy International Inc (NOVA) : * SUNNOVA ANNOUNCES PROPOSED PRIVATE OFFERING OF $400 MILLION "GREEN BOND" * SUNNOVA ENERGY CORPORATION - INTENDS TO OFFER, SUBJECT TO MARKET CONDITIONS, $400 MILLION OF GREEN SENIOR NOTES DUE 2028 Source text for Eikon: Further company coverage:
Sunnova Energy Corporation, a wholly-owned subsidiary of Sunnova Energy International Inc. (NOVA), today announced that it intends to offer, subject to market conditions, $400 million aggregate principal amount of green senior notes due 2028 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended and to non-U.S. persons outside of the United S...
Indian budget carrier Akasa Air has been forced to cut flights in the short-term after many of its pilots quit abruptly, sparking a legal dispute in court where the company has warned that further resignations may even force it to shut down.
Vietnam's finance ministry has issued a license to a credit rating agency co-owned by U.S. giant Moody's, the company said, allowing for the first time a U.S. firm to get involved in the rating of domestic issuers of corporate bonds.
Chinese electric vehicle maker Nio Inc (NIO) said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond. The bonds will be senior, unsecured notes.
Chinese electric vehicle maker Nio Inc (NIO) said on Wednesday it had raised $1 billion in a two-tranche convertible bond from which it intends to use the proceeds to pay down debt and strengthen its balance sheet. The company raised $500 million in a six-year put-four convertible bond and the same amount in a seven-year put-five bond. The bonds will be senior, unsecured notes.
Mercer International Inc. (MERC) today announced the pricing of its private offering of $200.0 million in aggregate principal amount of 12.875% senior notes due October 1, 2028. The 2028 Notes are being issued at a price of 100% of their principal amount. The offering of the 2028 Notes is expected to close on or around September 21, 2023, subject to the satisfaction of customary closing conditions.
First of its kind active ETF allocates?among high yield bond sector ETFs LARKSPUR, Calif. "We're excited to expand the fixed income investor toolkit by providing a high yield sector rotation strategy with the transparency, liquidity, and cost efficiency of an ETF," said BondBloxx Co-Founder Tony Kelly.
S&P: * S&P SAYS SRI LANKA LOCAL CURRENCY RATINGS LOWERED TO 'SD' FROM 'CC/C' * S&P: ALSO LOWERED TO 'D' ISSUE RATING ON SRI LANKA'S OCTOBER 2023 LOCAL CURRENCY BOND. * S&P- AFFIRMED OTHER RATINGS ON SRI LANKA, INCLUDING 'SD' LONG-TERM FOREIGN CURRENCY RATING. * S&P SAYS LOWERED LOCAL CURRENCY LONG-TERM RATING ON SRI LANKA AFTER GOVERNMENT'S CONFIRMATION OF DOMESTIC DEBT RESTRUCTURING EXERCISE.
Alliant Energy Corp (LNT): * INTERSTATE POWER AND LIGHT COMPANY PRICES DEBT OFFERING. * Alliant Energy Corp (LNT)- INTERSTATE POWER AND LIGHT, SUBSIDIARY OF CO ANNOUNCED PRICING OF OFFERING OF $300 MILLION AMOUNT OF 5.700% SENIOR DEBENTURES Source text for Eikon: Further company coverage:
$300 million in senior debentures will be due in 2033 Interstate Power and Light Company, a wholly owned subsidiary of Alliant Energy Corporation (LNT), announced the pricing of its public offering of $300 million aggregate principal amount of 5.700% senior debentures.
DUBLIN, Sept. 18, 2023 On September 18, 2023,?AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, each a wholly-owned subsidiary of AerCap Holdings N.V. (AER), priced an offering of senior notes, consisting of $900 million aggregate principal amount of the Issuers' 6.100% Senior Notes due 2027 issued at a price to the public of 99.540% and $850 million aggregate princ...
PennyMac Mortgage Investment Trust (PMT): * PENNYMAC MORTGAGE INVESTMENT TRUST ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR NOTES. * PennyMac Mortgage Investment Trust (PMT) - PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $50 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 8.50% SENIOR NOTES DUE 2028 Source text for Eikon: Further company coverage:
PennyMac Mortgage Investment Trust (PMT) today announced that it has priced an underwritten public offering of $50,000,000 aggregate principal amount of its 8.50% Senior Notes due 2028. The offering is expected to close on September 21, 2023 and is subject to customary closing conditions.
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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