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Headlines Tagged with Bonds 1,534 headlines found

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Buying Cigarettes With Gas Money Keeps Tobacco-Bond Rally Aflame

Tobacco securities, which are repaid from legal-settlement money that states and localities receive from cigarette companies, have been a top-performer over the past two years. That’s because -- for the first time in a decade -- Americans aren’t giving u
Bloomberg News
added Mar 4, 2016 17:04
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Fitch Maintains 14 New York Tobacco Settlement ABS Tranches on Rating Watch

in connection with an ongoing and comprehensive portfolio review of the entire Fitch-rated universe of tobacco bonds. Fitch has completed or nearly completed the review of transactions from other jurisdictions and will concentrate on the New York portfol
Business Wire
added Feb 2, 2016 23:46
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New York Gets $550 Million in Tobacco Deal ($$)

An agreement ending a decadelong dispute between New York and major tobacco companies will deliver $550 million to the state, New York City and other counties, Attorney General Eric Schneiderman is expected to announce on Tuesday.
The Wall Street Journal Interactive Edition
added Oct 20, 2015 12:10
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[Louisiana] Kink in plan to sell tobacco settlement

Lt. Gov. Jay Dardenne on Thursday threw a crimp into the Jindal administration’s plan to sell the remaining portion of the tobacco settlement monies by recalling that the state’s voters nine years ago overwhelmingly approved a constitutional amendment th
Baton Rouge (LA) Advocate
added Mar 20, 2015 13:06
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[California] Fitch Corrects 2014 U.S. Tobacco Portfolio Review Spreadsheet

has revised the 2014 U.S. Tobacco portfolio review spreadsheet originally published on Aug. 8, 2014. The revision was required to correct inaccurate descriptions of the prior Rating Watch/Outlook status of two series of bonds issued by the California Coun
Business Wire
added Jan 30, 2015 12:09
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Rhode Island Plans to Sell Tobacco-Backed Bonds Within Six Weeks

Rhode Island plans to put its tobacco-backed bond deal back on the calendar within six weeks after a lawsuit delayed it for five months, according to Citigroup Inc., the lead manager on the sale.
Bloomberg News
added Jan 20, 2015 22:30
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California Helps Wall Street Pocket 44% of Landmark Tobacco Settlement

The original agreement made no stipulation how the money would be spent and ProPublica found that the most common use nationally was to pay off old debts. Tobacco bonds are very popular on Wall Street, regarded as much for their uncertainties as their h
AllGov.com
added Sep 19, 2014 20:25
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Rhode Island Refunds Tobacco Bonds as Rally Sputters: Muni Deal

Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. The state’s Tobacco Settlement Financing Corp. is refunding securities this
Bloomberg News
added Aug 4, 2014 04:36
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[Louisiana] Tobacco bond refinance savings halved due to rising interest rates

State Treasurer John Kennedy, shown here in November 2008, is urging the administration to delay a major tobacco settlement bond refinancing until financial markets are in a more favorable position
New Orleans (LA) Times Picayune
added Jun 27, 2013 12:26
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Tobacco Bonds Rally After Cigarette Makers Release $4 Billion

Tobacco bonds issued by U.S. states are gaining after Philip Morris USA (PM) and other cigarette makers said they would distribute to 17 states $4 billion in payments previously withheld from a 1998 settlement.
Bloomberg News
added Dec 20, 2012 01:59
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