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Headlines Tagged with Bonds 1,534 headlines found

9 Views

[Rhode Island] RI's $594M Tobacco Revenue Bonds Survive Oppenheimer Suit

A Rhode Island state judge has shot down a challenge to a $594 million bond issue, saying the state's plan to sell the tobacco revenue bonds isn't unfair to OppenheimerFunds Inc. because the payouts on 2007 bonds don't constitute impermissible “amendments
Law360
added Jan 20, 2015 22:30
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Rhode Island Plans to Sell Tobacco-Backed Bonds Within Six Weeks

Rhode Island plans to put its tobacco-backed bond deal back on the calendar within six weeks after a lawsuit delayed it for five months, according to Citigroup Inc., the lead manager on the sale.
Bloomberg News
added Jan 20, 2015 22:30
13 Views

[Rhode Island] R.I. wins tobacco-bond lawsuit

Rhode Island defeated a legal challenge from OppenheimerFunds Inc. to its plan to sell $594 million of debt backed by payments from tobacco companies that agreed in 1998 to reimburse states for expenses associated with smoking-related illnesses.
Providence (RI) Journal-Bulletin
added Jan 19, 2015 09:54
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Rhode Island Defeats Challenge to Sale of Tobacco-Backed Debt

Rhode Island defeated a legal challenge from OppenheimerFunds Inc. to its plan to sell $594 million of debt backed by tobacco-company payments.
Bloomberg News
added Jan 16, 2015 17:55
11 Views

Years After Tobacco Deals Sold, SEC Says Rating Agencies Still Conflicted

The SEC's annual examination of the firms' business practices, published on the same day as ProPublica's ratings story, cited numerous examples of how the firms continued to compromise the objectivity of their rating process during the 2013 calendar year
ProPublica
added Jan 13, 2015 20:42
25 Views

Behind New Jersey’s Tobacco Bond Bailout, A Hedge Fund’s $100 Million Payday

When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.
ProPublica
added Dec 30, 2014 23:00
5 Views

Bankers Brought Rating Agencies ‘To Their Knees’ On Tobacco Bonds

Wall Street pressed S&P, Moody’s and Fitch to assign more favorable credit ratings to their deals and bragged that the raters complied. Now many of the bonds are headed for default.
ProPublica
added Dec 24, 2014 06:38
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[Rhode Island] Oppenheimer funds fighting tobacco bond refinancing

In a lawsuit filed in R.I. Superior Court, two mutual funds controlled by Oppenheimer Funds are trying to block the tobacco bond refinancing, which they claim defrauds their investors.
Providence Business News
added Dec 8, 2014 15:46
10 Views

How We Analyzed New York County Tobacco Bonds

Users can see how interest rates and declining cigarette sales affect the bottom line for counties that borrowed against income from the landmark tobacco settlement.
ProPublica
added Oct 30, 2014 20:25
3 Views

How One New York County Fell Into the Tobacco Debt Trap

A refinance of Niagara County’s tobacco bonds was good news — but for investors, not taxpayers.
ProPublica
added Oct 30, 2014 20:22
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