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Headlines Tagged with Bonds 1,540 headlines found

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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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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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VIDEO: Tobacco and Housing Bonds May Avoid Puerto Rico Pain: Mysak

discusses public pensions boosted from equity markets, and Puerto Rico: tobacco and housing bonds may avoid restructuring.
Bloomberg News
added Aug 11, 2017 18:10
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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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[New Jersey] NJ Broker Seeks Unpaid Commission In Tobacco Escrow Deal ($$)

A California private equity firm was hit Wednesday with a lawsuit in New Jersey federal court over an alleged failure to pay commission to a private mortgage broker as part of a $146 million purchase of tobacco escrow fund assets in 2010.
Law360
added Jan 24, 2016 00:38
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Fitch Publishes Updated Criteria for Rating U.S. Tobacco Settlement ABS

The updated criteria discloses the assumptions Fitch uses in its cash flow model, which incorporate break-even rates for possible declines of the master settlement agreement (MSA) payment amount. Fitch's starting point in the break-even analysis is the m
Business Wire
added Oct 6, 2015 12:28
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Oppenheimer Weighs Appeal of Rhode Island Tobacco Ruling ($$)

Oppenheimer Funds is looking over a judge's dismissal of its challenge to Rhode Island's plan to sell nearly $600 million in tobacco-settlement bonds.
Bond Buyer Online
added Jan 20, 2015 22:32
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How Tobacco Bonds Work, and What Can Go Wrong

States and localities got cash up front but may end up paying back a lot more than they expected.
ProPublica
added Oct 30, 2014 20:30
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How We Analyzed New York County Tobacco Bonds

Users can see how interest rates and declining cigarette sales affect the bottom line for counties that borrowed against income from the landmark tobacco settlement.
ProPublica
added Oct 30, 2014 20:25
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