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Headlines Tagged with Bonds 1,534 headlines found

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Official Statement: New Jersey Treasury Department!

The State takes very seriously its relationship with bondholders ...Although not legally compelled to resolve a potential default situation with the tobacco bonds, the State sees an advantage in maintaining good relations with the tobacco bond investors
ProPublica
added Aug 8, 2014 11:49
2 Views

Tobacco Debt: How Cash From Big Tobacco Went From Boon to Burden

ProPublica
added Oct 30, 2014 20:23
10 Views

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
4 Views

PODKUL: How Wall Street Tobacco Deals Left States With Billions in Toxic Debt

Politicians wanted upfront cash from a legal victory over Big Tobacco, and bankers happily obliged. The price? A handful of states promised to repay $64 billion on just $3 billion advanced.
ProPublica
added Aug 8, 2014 11:42
11 Views

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
20 Views

Oppenheimer Sues Rhode Island Over $594 Million Bond Deal

Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16-year-old accord over health-care related cost
Bloomberg News
added Aug 6, 2014 07:15
12 Views

[Rhode Island] Up in Smoke: RI Tobacco Is Day-to-Day

Rhode Island's Tobacco deal has been put on day to day status by Citigroup following a lawsuit from two Oppenheimer Rochester funds.
Bond Buyer Online
added Aug 6, 2014 01:03
4 Views

OppenheimerFunds Says It Sued Rhode Island Over Tobacco Deal

Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16-year-old accord over health-care related cost
Business Week/Bloomberg
added Aug 6, 2014 00:36
6 Views

[Rhode Island] OppenheimerFunds Sues Over R.I.'s $594M Tobacco Bond ($$)

Two municipal bond funds run by OppenheimerFunds Inc. on Monday filed suit in Rhode Island state court over an anticipated $594 million bond offering that the funds say would enable the state to siphon money meant for bondholders to itself and to an unnam
Law360
added Aug 6, 2014 00:35
8 Views

Rhode Island Refunds Tobacco Bonds as Rally Sputters: Muni Deal

Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. The state’s Tobacco Settlement Financing Corp. is refunding securities this
Bloomberg News
added Aug 4, 2014 04:36
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