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Headlines Tagged with Bonds 1,540 headlines found

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Tobacco bond prices weaker after U.S. proposes cigarette nicotine cut

In response the S&P Municipal Bond Tobacco Total Return Index, a broad measure of tobacco settlement bond sector performance which also includes some investment-grade paper, fell 0.71 percent on Friday
NASDAQ
added Jul 29, 2017 13:18
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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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Market receives smoke signals for BAT jumbo bond

One of the most highly anticipated M&A deals of the year, BAT is potentially eyeing a jumbo multi-currency offering for launch at the end of July, according to a banker familiar with the matter. "BAT is readying docs. It has shareholder meetings and ear
Reuters
added Jul 7, 2017 14:51
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Pennsylvania lawmakers pass spending plan but no revenue package

In order to close the gap, the state is considering borrowing $1 billion, to be repaid with money U.S. states still receive every year from their 1998 legal settlement with tobacco companies for health expenses.
Reuters
added Jul 1, 2017 17:45
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[Kansas] House panel considering using tobacco settlements to fill budget gap

The House budget committee scrutinized a measure Thursday selling bonds backed by tobacco litigation settlements to help fill the next two fiscal years’ projected $900 million deficit. Gov. Sam Brownback floated a similar proposal in the 2016 legislative
Garden City (KS) Telegram
added Jun 2, 2017 17:54
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Kansas House committee considers selling off tobacco assets to help fix budget deficit

The House budget committee scrutinized a measure Thursday that would sell bonds backed by tobacco litigation settlements to help fill the next two years’ projected $900 million dollar deficit. (Thad Allton/The Capital-Journal) Eric Stafford, vice presid
Topeka (KS) Capital-Journal
added Jun 2, 2017 03:32
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[New Jersey] Editorial: No surprise cigarette sales rise in Jersey

Big Tobacco made billions of dollars getting people hooked. It had to pay a relatively small amount – $200 billion – in restitution to settle a massive class-action lawsuit. New Jersey didn’t use any of that money to help curb the spread of smoking. New
Hackensack (NJ) Record/Herald News
added May 31, 2017 00:00
30 Views

The Burning Truth About Tobacco Bonds

We believe professional management, knowledge, and experience in this sector of the municipal bond market are of paramount importance. VanEck offers these through its ETFs, thereby providing investors with an attractive way to access this dynamic part of
Seeking Alpha blog network
added May 25, 2017 21:56
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Rhode Island settles in principle with tobacco companies in MSA dispute

As a result of Kilmartin’s recent settlement, Rhode Island will receive $10 million this fiscal year and the state’s tobacco bondholders will receive $40 million. "Not only does this settlement resolve significant risk for both the bond holders and t
Legal NewsLine
added Apr 9, 2017 19:52
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[Kansas] Tobacco Bond Plan Raises Questions Among Children’s Advocates

Gov. Sam Brownback’s proposal to securitize the state’s share of a settlement with major tobacco companies. Selling bonds backed by the tobacco money would mean that some or all of it would go to investors in exchange for a large upfront payment. Kansas
KMUW 89.1 Wichita (KS) Public Radio
added Feb 11, 2017 00:44
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