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Headlines Tagged with Bonds 1,534 headlines found

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[New Jersey] Fitch Withdraws the Ratings for the N.J. Economic Dev Auth (NJ) Cigarette Tax Rev Bond Series 2004

Business Wire
added May 10, 2012 02:43
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Pennsylvania lawmakers pass spending plan but no revenue package

In order to close the gap, the state is considering borrowing $1 billion, to be repaid with money U.S. states still receive every year from their 1998 legal settlement with tobacco companies for health expenses.
Reuters
added Jul 1, 2017 17:45
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[Kansas] Tobacco Bond Plan Raises Questions Among Children’s Advocates

Gov. Sam Brownback’s proposal to securitize the state’s share of a settlement with major tobacco companies. Selling bonds backed by the tobacco money would mean that some or all of it would go to investors in exchange for a large upfront payment. Kansas
KMUW 89.1 Wichita (KS) Public Radio
added Feb 11, 2017 00:44
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Higher California Smoking Age Latest Blow to Tobacco Bonds

California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years. The legal tobacco purchase age in California rose to 21 years old on June 9. "As an analyst covering
Bond Buyer Online
added Jun 17, 2016 02:18
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When states win lawsuits, where does money go?

some of those bonds are now coming back to bite them. An analysis of more than 100 such deals by ProPublica, the nonprofit investigative journalism enterprise, last year found that some bonds are in trouble because annual settlement payments to the state
USA Today
added Feb 20, 2015 04:19
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[Rhode Island] RI's $594M Tobacco Revenue Bonds Survive Oppenheimer Suit

A Rhode Island state judge has shot down a challenge to a $594 million bond issue, saying the state's plan to sell the tobacco revenue bonds isn't unfair to OppenheimerFunds Inc. because the payouts on 2007 bonds don't constitute impermissible “amendments
Law360
added Jan 20, 2015 22:30
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VIDEO: E-cigs vs. tobacco: Here’s where to find value, pro says

don't count big tobacco out, one investment pro said. In fact, he thinks it's the perfect time to jump into tobacco stocks, and he wouldn't count the bonds out either. "Big tobacco is not in denial on e-cigs," Lee Munson, chief investment officer of Por
CNBC
added Jun 24, 2014 17:58
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Market receives smoke signals for BAT jumbo bond

One of the most highly anticipated M&A deals of the year, BAT is potentially eyeing a jumbo multi-currency offering for launch at the end of July, according to a banker familiar with the matter. "BAT is readying docs. It has shareholder meetings and ear
Reuters
added Jul 7, 2017 14:51
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Kansas House committee considers selling off tobacco assets to help fix budget deficit

The House budget committee scrutinized a measure Thursday that would sell bonds backed by tobacco litigation settlements to help fill the next two years’ projected $900 million dollar deficit. (Thad Allton/The Capital-Journal) Eric Stafford, vice presid
Topeka (KS) Capital-Journal
added Jun 2, 2017 03:32
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[Kansas] Brownback raised tobacco bond idea with GOP leaders in early March after revenue collapse

Gov. Sam Brownback met with House and Senate leaders one day after February tax revenue fell $53 million below expectations to discuss leveraging the state’s share of tobacco litigation settlement funds to supplement the beleaguered state treasury, sourc
Topeka (KS) Capital-Journal
added Mar 13, 2016 11:32
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