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Headlines Tagged with Bonds 1,535 headlines found

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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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ESTES: How the Big Tobacco Deal Went Bad

The only people making money on these bonds are investment bankers who fooled state politicians into believing that ready money in their state coffers now was more important than any future consequences...all together, the states will spend just 1.9 perce
New York Times
added Oct 7, 2014 16:16
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Tobacco Bonds Seen Cheap as Default Forecast Raised: Muni Credit

Managers of two of the largest high-yield municipal funds see a buying opportunity in tobacco securities even as more of the bonds are projected to default. The obligations, issued by state and city agencies and backed by funds from tobacco companies, a
Bloomberg News
added Sep 27, 2014 14:46
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Tobacco Bonds May Be Dangerous to Your State's Financial Health

Some of the deals included a form of high-risk debt, capital appreciation bonds, which obligated governments to pay out billions of their tobacco income in the future.
ProPublica
added Aug 8, 2014 11:50
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Strategists Concerned Muni Investors Can t Manage Tobacco Bonds Risk

Rieger said that investors are mainly interested in tobacco bonds because they offer high-yields in a market where lack of supply has driven down municipal bond yields. Muni supply for 2014 totaled $89.34 billion as of April 30, compared to $122.7 billio
Bond Buyer Online
added May 9, 2014 15:51
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[California] If Prop. 29 passes, money for bonds could suffer

If Proposition 29, which would increase the state tax on cigarettes by $1 a pack, manages to eke out a come-from-behind win in late ballot counting, it could pose another blow to bonds backed by revenues states are receiving from tobacco companies.
San Francisco Chronicle
added Jun 21, 2012 16:58
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