Headlines Tagged with Bonds — 1,535 headlines found
capital appreciation bonds....are now likely to default. And that could force governments to pony up even more of their future tobacco windfall to investors — money that could otherwise benefit taxpayers. How did it all happen? Here are answers to some b
Aug 19, 2014 North Denver (CO) News
added Aug 19, 2014 07:32
Puerto Rico debt concerns have spurred a sell-off tobacco bonds as hedge funds that invest in riskier assets seek liquidity, market participants said.
Jul 9, 2014 Bond Buyer Online
added Jul 9, 2014 19:22
Lehman Brothers Holdings Inc. said the Buckeye Tobacco Settlement Financing Authority used shoddy methodology to make a $29 million claim against it and that the Ohio public-bond issuer actually owes the fallen financial giant $20 million instead, accordi
Jul 5, 2016 Law360
added Jul 7, 2016 17:48
So, Albany is missing out on billions from smuggled cigarettes, losing out on tax from the smokes the Native Americans are selling, and shouldering the cost of bonds foolishly issued to back Master Settlement money it might never see. I called state Att
Jun 1, 2015 New York Post
added Oct 20, 2015 13:22
Rhode Island issued $620 million in tobacco bonds on Thursday, netting an immediate $36 million payment and following through on a much-anticipated issuance after successfully beating back OppenheimerFunds Inc.’s lawsuit seeking to block the issuance.
Mar 19, 2015 Law360
added Mar 20, 2015 13:13
Even when taxpayers aren’t explicitly on the hook, tobacco bonds can cost states and local governments money. Here’s how...some issued what are called capital appreciation bonds, or CABs. ... are now likely to default. And that could force governments to
Aug 18, 2014 ProPublica
added Aug 22, 2014 12:24
But Newman, the former deputy comptroller, doesn’t see it that way. While emphasizing that a potential default was still a long way off, he said that the city needs to keep in mind what investors will think the next time it goes to the market with a bon
Feb 6, 2013 New York World (Columbia University Graduate School of Journalism)
added Feb 6, 2013 20:57
More than $15 billion of municipal bonds backed by tobacco-company payments will default within 30 years, Moody’s Investors Service says. That’s not deterring investors from reaping the best returns in the tax-free market.
Jul 20, 2012 Bloomberg News
added Jul 20, 2012 16:34
Fitch’s action hasn’t dented the strong performance of tobacco bond index, up 4% in the past month alone. Nonetheless, Eaton Vance’s Cynthia Clemson writes in a Wednesday blog post that Fitch’s decision highlights risks in the popular securities.
May 19, 2016 Barron's Blogs
added May 19, 2016 21:34
This could make a lot of sense, because cigarette sales have been declining for years. 19 other states have already done enacted the plan.
Apr 26, 2016 High Plains Public Radio (HPPR)
added Apr 26, 2016 20:16