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Headlines Tagged with Bonds 1,534 headlines found

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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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Dreyfus Bet on Tobacco Bonds Pays Off With Top Muni Fund Returns

Dreyfus Corp.’s $170 million high-yield municipal-bond fund is beating bigger and better-known competitors by riding a rebound in tobacco bonds while avoiding pitfalls such as Puerto Rico debt.
Bloomberg News
added Oct 4, 2017 01:19
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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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Imperial Tobacco Markets Bonds in Europe as Borrowing Costs Fall

Europe’s second-biggest tobacco company is selling the equivalent of $3.1 billion of notes in euros and pounds while BP Plc (BP/) and Renault SA (RNO) are selling bonds in euros, according to people familiar with the deals. The average yield on investmen
Business Week/Bloomberg
added Feb 25, 2014 15:06
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