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Headlines Tagged with Bonds 1,534 headlines found

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Tobacco Bondholders Shrug Off FDA News While Cigarette Stocks Are Hit Hard

Judging by the reaction in the corporate and municipal bond markets, the chances that cash flows will be interrupted seem relatively thin -- at least for now. There were only a handful of trades on Friday in the $86.5 billion market for debt backed by p
Bloomberg News
added Jul 28, 2017 20:45
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[UK] Trump casts a shadow over BAT's $47bn bid for Reynolds

BAT shares are down almost 6pc since Mr Trump was elected and 13pc since it revealed its bid for Reynolds in October. The US company’s stock has meanwhile held flat on the chance of a takeover premium, meaning BAT shareholders already face a steeper bill
Electronic Telegraph (uk)
added Nov 21, 2016 15:51
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High-Yield Funds With Cash to Burn Chase Tobacco Bonds' 51% Gain

American smokers, who have extra money after filling their gas tanks. The two groups, each in their own way, are driving a rally in the $34 billion tobacco-bond market that’s outpacing just about every other investment. High-yield tobacco securities have
Bloomberg News
added May 9, 2016 22:17
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[Louisiana] State treasurer warns against tobacco settlement sale plans

It’s the same bad fiscal policy that’s created the current $1.6 billion “structural deficit” in the state budget, Kennedy said Wednesday. The administration proposes sale of the remaining portion of a 1998 tobacco settlement in order to generate $750 mi
Baton Rouge (LA) Advocate
added Mar 12, 2015 12:10
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Rhode Island Defeats Challenge to Sale of Tobacco-Backed Debt

Rhode Island defeated a legal challenge from OppenheimerFunds Inc. to its plan to sell $594 million of debt backed by tobacco-company payments.
Bloomberg News
added Jan 16, 2015 17:55
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Years After Tobacco Deals Sold, SEC Says Rating Agencies Still Conflicted

The SEC's annual examination of the firms' business practices, published on the same day as ProPublica's ratings story, cited numerous examples of how the firms continued to compromise the objectivity of their rating process during the 2013 calendar year
ProPublica
added Jan 13, 2015 20:42
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[New Jersey] Bottom Lines: N.J. bungle on tobacco settlement still costing taxpayers

A ProPublica analysis of what states did with billions of dollars from tobacco companies — ostensibly to offset the health-care costs of smoking — provides a helpful reminder of how things have gone so wrong in New Jersey. The 1998 tobacco settlement was
The Press of Atlantic City
added Sep 17, 2014 05:24
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Wall Street tobacco deals left states in billions of debt

A ProPublica analysis of more than 100 tobacco deals since the settlement found that they are creating new fiscal headaches for states, driving some into bailouts ... high-risk debt that squeezed out a few extra dollars for the governments but promised m
Marketplace (American Public Media)
added Aug 7, 2014 11:27
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BAT taps investors in $15bn corporate bond sale

tapped investors for at least $15bn on Tuesday in one of the largest corporate bonds deals of the year, as low borrowing costs and a fierce appetite for debt help persuade companies to lever up.
Financial Times (uk)
added Aug 8, 2017 20:03
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Puerto Rico Tobacco Bonds Cut to Junk by S&P on Debt Moratorium

Puerto Rico tobacco bonds issued by Children’s Trust were cut to junk by Standard & Poor’s because of the agency’s inclusion in the island’s debt moratorium law. Securities maturing in 2033 and 2039 had their ratings cut three and two steps, respectively
Bloomberg News
added Apr 26, 2016 16:15
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