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Headlines Tagged with Bonds 1,540 headlines found

11 Views

High-Yield Funds With Cash to Burn Chase Tobacco Bonds' 51% Gain

American smokers, who have extra money after filling their gas tanks. The two groups, each in their own way, are driving a rally in the $34 billion tobacco-bond market that’s outpacing just about every other investment. High-yield tobacco securities have
Bloomberg News
added May 9, 2016 22:17
15 Views

Could Tobacco Money Help Ease Kansas's Woes?

This could make a lot of sense, because cigarette sales have been declining for years. 19 other states have already done enacted the plan.
High Plains Public Radio (HPPR)
added Apr 26, 2016 20:16
10 Views

Puerto Rico Tobacco Bonds Cut to Junk by S&P on Debt Moratorium

Puerto Rico tobacco bonds issued by Children’s Trust were cut to junk by Standard & Poor’s because of the agency’s inclusion in the island’s debt moratorium law. Securities maturing in 2033 and 2039 had their ratings cut three and two steps, respectively
Bloomberg News
added Apr 26, 2016 16:15
4 Views

Children’s Advocate Opposes Kansas Tobacco Settlement Proposal

The head of a Kansas advocacy group opposes a plan to sell off part of a tobacco lawsuit settlement. The annual payments from the settlement fund children’s programs. The proposal from Gov. Sam Brownback would sell off part of the payments in exchange f
KMUW 89.1 Wichita (KS) Public Radio
added Apr 22, 2016 19:33
3 Views

Puerto Rico Sets Sights on Tobacco Bonds in Long-Shot Money Grab

As Puerto Rico tries to cut its $70 billion of debt, investors are learning nothing is off-limits, with even constitutionally guaranteed general obligations staring down losses. While Governor Alejandro Garcia Padilla has yet to halt any payments -- and
Bloomberg News
added Apr 20, 2016 15:03
17 Views

BRIEF-Japan Tobacco: to issue $750 million in US-denominated 5-yr bonds

Reuters
added Apr 8, 2016 04:43
8 Views

[Kansas] Brownback raised tobacco bond idea with GOP leaders in early March after revenue collapse

Gov. Sam Brownback met with House and Senate leaders one day after February tax revenue fell $53 million below expectations to discuss leveraging the state’s share of tobacco litigation settlement funds to supplement the beleaguered state treasury, sourc
Topeka (KS) Capital-Journal
added Mar 13, 2016 11:32
6 Views

Citigroup briefed Kansas officials on selling tobacco settlement payments in October

Citigroup boasted to Kansas officials of its expertise in tobacco securitization, documents show, as child advocates charge Gov. Sam Brownback’s administration is pursuing a sale of future tobacco settlement payments to help close the budget deficit.
Topeka (KS) Capital-Journal
added Mar 11, 2016 23:02
2 Views

[Kansas] Legislators consider robbing from children's fund to balance budget

Cotsoradis claimed a plan was in the works to sell future tobacco settlement payments, worth about $600 million, for $400 million, which would go directly into the state’s general fund. The proceeds from the multi-state lawsuit against tobacco companies
Hutchinson (KS) News
added Mar 11, 2016 16:17
5 Views

[Kansas] AUDIO: Children’s Lobbyist Says Brownback Looking To Cash In Tobacco Settlement

Shannon Cotsoradis, the president of Kansas Action for Children, says she has reason to believe that Gov. Sam Brownback wants to securitize a settlement reached decades... The state receives more than $50 million a year from that settlement, which it uses
KMUW 89.1 Wichita (KS) Public Radio
added Mar 9, 2016 19:01
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