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Headlines Tagged with Bonds 1,535 headlines found

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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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VIDEO: Tobacco and Housing Bonds May Avoid Puerto Rico Pain: Mysak

discusses public pensions boosted from equity markets, and Puerto Rico: tobacco and housing bonds may avoid restructuring.
Bloomberg News
added Aug 11, 2017 18:10
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[New Jersey] Editorial: No surprise cigarette sales rise in Jersey

Big Tobacco made billions of dollars getting people hooked. It had to pay a relatively small amount – $200 billion – in restitution to settle a massive class-action lawsuit. New Jersey didn’t use any of that money to help curb the spread of smoking. New
Hackensack (NJ) Record/Herald News
added May 31, 2017 00:00
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Fitch Affirms New Jersey EDA's Cigarette Tax Rev Bonds at 'BBB+'; Outlook Stable

affirmed the 'BBB+' rating on the New Jersey Economic Development Authority's cigarette tax revenue refunding bonds, series 2012, outstanding in the amount of approximately $798.1 million. The Rating Outlook is Stable.
Business Wire
added Mar 2, 2016 23:33
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Fitch Places Various Tranches of Tobacco ABS on Rating Watch on Changes and Possible Input Errors

Fitch Ratings has placed 49 tranches of tobacco settlement asset-backed securities (ABS) on Rating Watch and revised two from Rating Watch Negative to Rating Watch Evolving in connection with an ongoing and comprehensive review of its entire tobacco settl
Business Wire
added Dec 1, 2015 01:15
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Amended: Fitch Completes U.S. Tobacco ABS Portfolio Review

Fitch Ratings has completed its annual review of tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount 2014.
Business Wire
added Sep 23, 2015 13:40
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4 Firms Guide British Tobacco Giant's Massive $17.25B Bond

announced an eight-part, $17.25 billion bond offering on Wednesday, the year's second-largest corporate debt sale, being steered by four law firms, to help fund its blockbuster $49.4 billion acquisition of U.S. rival Reynolds American Inc.
Law360
added Aug 10, 2017 03:38
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Citigroup briefed Kansas officials on selling tobacco settlement payments in October

Citigroup boasted to Kansas officials of its expertise in tobacco securitization, documents show, as child advocates charge Gov. Sam Brownback’s administration is pursuing a sale of future tobacco settlement payments to help close the budget deficit.
Topeka (KS) Capital-Journal
added Mar 11, 2016 23:02
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[Louisiana] Treasurer Kennedy says Jindal's tobacco scheme is no April's Fool Joke

"We're about to plunder our last savings account by selling the remaining portion of the tobacco settlement and spending the money. Even worse, we're going to ignore state law and steer millions of dollars in fees to a group of people handpicked by the D
Bayou Buzz
added Apr 1, 2015 19:25
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