News Results

  1. Abu Dhabi's TAQA gives initial guidance for dollar bonds - document
    Reuters | 01:31 AM EDT

    Abu Dhabi National Energy Company, owned by Abu Dhabi state-owned holding company ADQ, has given its initial price guidance for dual-tranche U.S. dollar-denominated bonds, a document showed on Tuesday. It gave initial guidance of around 110 basis points over U.S. Treasuries for a seven-year tranche and around 3.75% for a 30-year Formosa portion, the document showed.

  2. BRIEF-Charter Prices $1.0 Billion Senior Unsecured Notes
    Reuters | 04/19/21 08:59 PM EDT

    Charter Communications Inc (CHTR): * CHARTER PRICES $1.0 BILLION SENIOR UNSECURED NOTES. * 2033 NOTES WILL BEAR INTEREST AT A RATE OF 4.500% PER ANNUM Source text for Eikon: Further company coverage:

  3. AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.?s Senior Unsecured Notes
    Business Wire | 04/19/21 05:30 PM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $850 million 3.35% 10-year senior unsecured notes issued by Sammons Financial Group, Inc., an intermediate holding company indirectly owned by Sammons Enterprises, Inc.. The outlook assigned to this Credit Rating is stable.

  4. BRIEF-Moody's Changes Papua New Guinea's Outlook To Negative From Stable; Affirms B2 Rating
    Reuters | 04/19/21 10:49 AM EDT

    * MOODY'S SAYS CHANGES PAPUA NEW GUINEA'S OUTLOOK TO NEGATIVE FROM STABLE; AFFIRMS B2 RATING. * MOODY'S SAYS OUTLOOK CHANGE DECISION REFLECTS RISKS THAT A WEAKENING IN PAPUA NEW GUINEA'S FISCAL STRENGTH, DEBT POSITION, RAISE LIQUIDITY RISKS. * MOODY'S, ON PAPUA NEW GUINEA, SAYS ELEVATED BORROWING REQUIREMENTS RAISE LIQUIDITY RISKS.

  5. Pacific Life Announces Issuance of First Sustainable Bond
    Business Wire | 04/19/21 09:00 AM EDT

    Days after officially introducing the company?s Sustainable Bond Framework, Pacific Life announced today it has completed an inaugural $800 million Sustainability Bond offering through the Capital Markets Group of its Institutional Division.

  6. BRIEF-Charter Offers Senior Unsecured Notes
    Reuters | 04/19/21 08:22 AM EDT

    Charter Communications Inc (CHTR): * CHARTER OFFERS SENIOR UNSECURED NOTES. * CHARTER COMMUNICATIONS (CHTR) - UNITS INTEND TO OFFER SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:

  7. Junk, emerging-market firms eager to borrow as further rates rise in sight
    Reuters | 04/19/21 07:47 AM EDT

    Junk-rated and emerging-market companies look set to raise record amounts of debt in coming months, urged on by bankers who advise taking advantage of funding markets before Treasury yields rise and push up borrowing costs.

  8. ?Genesis Energy, L.P. Announces Public Offering of $200 Million of Additional 8.0% Senior Notes Due 2027
    Business Wire | 04/19/21 07:29 AM EDT

    Genesis Energy, L.P. (GEL) today announced the commencement of a registered, underwritten public offering of $200,000,000 in aggregate principal amount of 8.0% senior unsecured notes due 2027. BofA Securities, Inc. is leading the offering along with several joint book-running managers and co-managers.

  9. Meituan Looks to Raise Up to US$10 Billion via Share, Bond Issuance
    | 04/19/21 06:52 AM EDT

    Meituan (MPNGF), the Chinese food-delivery app operator, aims to raise up to US $10 billion by issuing shares and convertible bonds. The company is looking to raise up to US $7 billion from institutional investors and shareholder Tencent Holdings Ltd. via a share sale, according to a term sheet seen by The Wall Street Journal on Monday. The price range is 265 Hong Kong dollars to 274 Hong Kong dollars, representing a discount of up to 8.4% versus the company's last closing price of HK $289.20.

  10. Abu Dhabi's TAQA hires banks for dollar bonds - document
    Reuters | 04/19/21 02:43 AM EDT

    Abu Dhabi National Energy Company, owned by Abu Dhabi state-owned holding company ADQ, has hired banks to arrange a dual-tranche bond issuance comprising a seven-year tranche and 30-year Formosa paper, a document showed on Monday.

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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