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Headlines Tagged with Bonds 1,540 headlines found

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Gross's Tobacco Bond Gain Shows Default Risk Defied: Muni Credit

High-yield tobacco debt issued by states and cities has soared 16.3 percent in 2014, beating all parts of the municipal market, Barclays Plc data show. Yields at 11-month lows are sparking demand for the junk-rated assets even as Moody’s Investors Servic
Bloomberg News
added May 20, 2014 12:57
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CORRECTED-US states welcome tobacco settlement, bond woes remain

A recent deal with tobacco companies will distribute money to 17 states that has been tied up for years, but the funds may only provide short-term relief to underfunded tobacco bonds.
Reuters
added Dec 21, 2012 08:24
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[New York] A New Flavor of Tobacco Bonds ($$)

The Wall Street Journal Interactive Edition
added Mar 17, 2012 00:00
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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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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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