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Jump to full article: Bloomberg News, 2007-10-11
Author: Jeremy R. Cooke
Intro: Ohio moved back its planned $5.53 billion sale of bonds backed by payments from the 1998 settlement between U.S. states and cigarette makers by four days, citing delays in preparing bond documents.
The state's Buckeye Tobacco Settlement Financing Authority plans to begin taking orders from individual investors on Oct. 19, instead of Oct. 15, with final pricing for funds, banks, insurers and other institutions on Oct. 23. Bear Stearns Cos. and Citigroup Inc. will manage what will be the largest sale of tobacco-settlement bonds.
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