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Headlines Tagged with Bonds 1,535 headlines found

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[Louisiana] Treasurer Kennedy warns against tobacco settlement sale

State Treasurer John Kennedy is encouraging the Jindal administration to reconsider selling what’s left of the state’s tobacco settlement. “Any farmer knows it’s a bad idea to sell your seed corn because then you can’t plant next year’s crop,” Kennedy
Baton Rouge (LA) Advocate
added Mar 11, 2015 15:57
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[Rhode Island] OppenheimerFunds Sues Over R.I.'s $594M Tobacco Bond ($$)

Two municipal bond funds run by OppenheimerFunds Inc. on Monday filed suit in Rhode Island state court over an anticipated $594 million bond offering that the funds say would enable the state to siphon money meant for bondholders to itself and to an unnam
Law360
added Aug 6, 2014 00:35
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[Louisiana] Savings estimates drop for tobacco bond refinance

Gov. Bobby Jindal's plan to refinance Louisiana's tobacco settlement bonds has run into snags because changing financial market conditions have sharply reduced the estimates of how much money Louisiana can get through the deal. When lawmakers and other s
AP - Associated Press
added Jun 27, 2013 12:15
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Tobacco bond prices weaker after U.S. proposes cigarette nicotine cut

In response the S&P Municipal Bond Tobacco Total Return Index, a broad measure of tobacco settlement bond sector performance which also includes some investment-grade paper, fell 0.71 percent on Friday
NASDAQ
added Jul 29, 2017 13:18
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[Kansas] AUDIO: Children’s Lobbyist Says Brownback Looking To Cash In Tobacco Settlement

Shannon Cotsoradis, the president of Kansas Action for Children, says she has reason to believe that Gov. Sam Brownback wants to securitize a settlement reached decades... The state receives more than $50 million a year from that settlement, which it uses
KMUW 89.1 Wichita (KS) Public Radio
added Mar 9, 2016 19:01
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[Kansas] Budget Problems Could Prompt Sale Of Tobacco Settlement, Lobbyist Says

The settlement currently provides about $50 million a year for early education and other children’s programs. But Shannon Cotsoradis, the president of Kansas Action for Children, says lawmakers are talking about trading those annual payments for $400 mi
KMUW 89.1 Wichita (KS) Public Radio
added Mar 8, 2016 22:00
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[Louisiana] Bobby Jindal’s tobacco settlement sale proposal hits resistance from Treasurer John Kennedy, other legislative leaders

proposal to sell Louisiana’s remaining share of a massive tobacco settlement to help generate a few years of short-term cash has stalled, with little support from key state officials. Treasurer John Kennedy has refused to put it on the Bond Commission ag
AP - Associated Press
added May 16, 2015 10:27
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[Louisiana] Bill filed to sell tobacco settlement money

Legislation was filed Friday that will allow the Tobacco Settlement Financing Corp. to issue bonds for 40 percent of the state's tobacco settlement revenue, generating $30 million to $60 million per year for TOPS through 2023 and $150 million for coastal
Monroe (LA) News-Star
added Apr 5, 2015 13:08
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Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.
ProPublica
added Dec 24, 2014 06:38
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Investors Haul In Nearly Half the Tobacco Settlement Cash

An updated tally by ProPublica shows that tobacco bondholders are due $2.6 billion of the $6 billion in this year’s payouts to state and local governments from Big Tobacco.
ProPublica
added Oct 30, 2014 20:28
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