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Headlines Tagged with Bonds 1,536 headlines found


[New Jersey] NJ Democrats Decry Christie Tobacco-Bond Deal as Revenue Stunt

say Republican Governor Chris Christie has turned to financial gimmickry in a deal that pledged national tobacco-settlement revenue to investors in exchange for almost $92 million. The one-time infusion, for the current fiscal year, shows the consequence
Business Week/Bloomberg
added Mar 9, 2014 22:52

New Jersey Gets $92 Million After Restructuring Tobacco Bonds

New Jersey reached a deal to obtain almost $92 million for its general fund by pledging the remainder of its revenue from the national tobacco settlement to investors. The bolstered payment pledge made trading prices on bonds linked to the agreement more
Bloomberg News
added Apr 3, 2014 07:48

Imperial Tobacco Markets Bonds in Europe as Borrowing Costs Fall

Europe’s second-biggest tobacco company is selling the equivalent of $3.1 billion of notes in euros and pounds while BP Plc (BP/) and Renault SA (RNO) are selling bonds in euros, according to people familiar with the deals. The average yield on investmen
Business Week/Bloomberg
added Feb 25, 2014 15:06

[UK] Buying shares? First take a look at the bonds

It worked for Neil Woodford when he bought tobacco shares: you can find important clues about a company from the way its bond are trading Neil Woodford bought shares in tobacco companies after seeing who owned their bonds Photo: Alamy
Electronic Telegraph (uk)
added Dec 2, 2013 15:10

[Illinois] Tobacco-Bond Woes Seen as Chicago Seeks Highest Tax: Muni Credit

Mayor Rahm Emanuel’s plan to make Chicago cigarette taxes the nation’s highest is the latest blow to tobacco bonds, the weakest revenue-backed municipal debt of the past three months. Buffeted by tax increases, stricter regulation and e-cigarettes that
Bloomberg News
added Oct 30, 2013 14:38

Washington Tobacco Settlement Authority to sell $344.4 mln bonds

Tobacco Settlement Authority is expected to sell $344.39 million of tobacco settlement revenue refunding bonds, series 2013 on Oct. 3, said a market source on Friday. The authority is an agency of State of Washington.
added Sep 20, 2013 11:50

Tobacco Sees Best Gain Since April After 17% Drop: Muni Credit

The $84 billion market for junk-rated tobacco bonds, one of the weakest areas of municipal debt this year, is rallying to a one-month high after a ruling against cigarette makers in a payment dispute with states.
Bloomberg News
added Sep 28, 2013 21:00

New York Tobacco Debt Gets Boost From Arbitrator Ruling

Bonds issued by New York local governments and payable by revenue from a national settlement with major tobacco companies will get a boost from an arbitration panel’s decision to order the companies to pay the state more than $92 million, said Richard La
Bloomberg News
added Sep 12, 2013 12:03

Rhode Island weighs options over tobacco funding

The Chafee administration is weighing whether to refinance the bonds initially sold in 2002 to investors willing to pay $685 million up front in exchange for the rights to $1.2 billion in anticipated settlement payments over two decades from the big tobac
Providence (RI) Journal-Bulletin
added Aug 27, 2013 10:36

[Louisiana] Jindal sells Tobacco bonds, nets less money than expected

Jindal's top financial adviser, Commissioner of Administration Kristy Nichols, announced Tuesday that the deal was done. Instead of the more than $140 million in upfront cash expected by the refinancing, the state got $83 million.
KNOE 8 News (Monroe, LA)
added Jul 3, 2013 12:16
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