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Headlines Tagged with Bonds 1,540 headlines found

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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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Muni Debt That Beat Stocks Likely Won't Deliver Repeat Next Year

High-yield municipal bonds backed by legal-settlement payments from tobacco companies have returned 20.4 percent this year, more than the S&P 500 index. Don’t expect a repeat in 2018.
Bloomberg News
added Dec 18, 2017 16:02
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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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[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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[West Virginia] Letter: Tobacco Prevention Program zeroed out before settlement

In 1994, when I was hired by the West Virginia Tobacco Control Program... We would still be receiving that $70 million today, until 2023, if we had not sold out. Which brings me to another sad piece of news. West Virginia’s Tobacco Prevention Program, w
Charleston (WV) Sunday Gazette-Mail
added Sep 1, 2017 01:02
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BAT Sells Second-Biggest Bond Issue of 2017 for Reynolds Deal

British American Tobacco Plc sold the second-largest bond deal of the year to finance its purchase of the portion of Reynolds American Inc. that it didn’t already own. BAT sold $17.25 billion of dollar-denominated debt in eight parts, the longest of whi
Bloomberg News
added Aug 10, 2017 03:29
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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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