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27.04.26 - 18:06
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Chord Music Partners Prices $500 Million ABS Backed by Diversified Music Catalog (Business Wire)
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Notes Backed by Diversified Music Catalog; Transaction Receives A Ratings from KBRA and S&P Global RatingsNEW YORK--(BUSINESS WIRE)--Chord Music Partners, a leading global music investment platform managed by Dundee Partners in partnership with Universal Music Group (UMG), the world leader in music-based entertainment, today announced the pricing of $500 million of Series 2026-1 senior notes (the “Notes”), secured by a diversified portfolio of music publishing and recorded music assets. The Notes are expected to be issued by Canon Music Issuer Trust, which is intended to serve as Chord's long-term financing vehicle, and priced at a yield of 5.560% and a spread of 160 basis points, marking the tightest-ever pricing for a music royalty ABS to date.
The Notes are backed by royalties from a catalog of more than 3,750 musical compositions and master recordings spanning a wide range of genres and vintages, with works from globally recognized artists and songwriters.
The Notes have received A ratings from K...
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23.04.26 - 12:42
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Canon Inc. Bottom Line Retreats In Q1 (AFX)
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TOKYO (dpa-AFX) - Canon Inc. (CAJPY) revealed a profit for first quarter that Dropped, from the same period last yearThe company's bottom line totaled JPY48.303 billion, or JPY55.16 per share. Thi......
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16.04.26 - 21:54
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KBRA Assigns Preliminary Rating to Canon Music Issuer Trust, Series 2026-1 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA assigns a preliminary rating to one class of notes that will be issued by Canon Music Issuer Trust, a music royalty ABS securitization. Canon Music Issuer Trust represents Chord Music Partner's first music royalty securitization. The transaction will be collateralized by royalties from a music catalog of premium content from top artists and songwriters, including Suicide Boys, Morgan Wallen, Ryan Tedder, Diplo, and ZZ Top, which are among the largest in the Catalog by net publisher share and/or net label share. Royalty payments include both publishing rights and sound recording rights. As of September 30, 2025, an independent third-party valuation firm valued the Catalog at $830.0 million.
To access ratings and relevant documents, click here.
Click here to view the report.
Methodologies
ABS: General Global Rating Methodology for Asset Backed Securities
Structured Finance: Global Structured Finance Counterparty Methodology
ESG Global Rating Methodology
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04.03.26 - 11:42
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Rapidus to Make Chips for Canon, Synopsys on Trial (Nippon)
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Tokyo, March 4 (Jiji Press)--Japanese chipmaker Rapidus Corp. will design and produce image-processing semiconductors on trial for Japanese imaging devices maker Canon Inc. and a Japanese unit of major U.S. chip design company Synopsys Inc., it has been learned. The New Energy and Industrial Technology Development Organization plans to provide Rapidus with up to 17.5 billion yen to cover two......
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