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Headlines Tagged with Bonds 1,535 headlines found

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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
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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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Muni Tobacco Bonds Rally as Buyers Swoop in After Trump Selloff

State and local government tobacco-settlement bonds are bouncing back from the drubbing they took in November as investors pick up the debt on the cheap and cigarette consumption declines remain moderate.
Bloomberg News
added Feb 3, 2017 19:17
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New Jersey set to hand over millions in tobacco cash

failure to spend on smoking cessation efforts when thousands of people still die annually from tobacco-related illnesses has drawn derision from advocates and public health officials....this year will begin repaying hundreds of millions of dollars to bond
AP - Associated Press
added Jan 23, 2017 19:21
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[Kansas] EDITORIAL: Budget plan kicks the can

Brownback’s stopgap measures include liquidating a long-term investment fund and selling off the state’s future proceeds from its tobacco lawsuit settlement...Instead of solving the state’s fiscal problems, it pushes the problems to the future – where th
Wichita (KS) Eagle
added Jan 15, 2017 18:45
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[UK] Trump casts a shadow over BAT's $47bn bid for Reynolds

BAT shares are down almost 6pc since Mr Trump was elected and 13pc since it revealed its bid for Reynolds in October. The US company’s stock has meanwhile held flat on the chance of a takeover premium, meaning BAT shareholders already face a steeper bill
Electronic Telegraph (uk)
added Nov 21, 2016 15:51
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[Ohio] Lehman Says Buckeye Owes It $20M In Default Dispute ($$)

Lehman Brothers Holdings Inc. said the Buckeye Tobacco Settlement Financing Authority used shoddy methodology to make a $29 million claim against it and that the Ohio public-bond issuer actually owes the fallen financial giant $20 million instead, accordi
Law360
added Jul 7, 2016 17:48
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