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Headlines Tagged with Bonds 1,540 headlines found

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Wall Street tobacco deals left states in billions of debt

A ProPublica analysis of more than 100 tobacco deals since the settlement found that they are creating new fiscal headaches for states, driving some into bailouts ... high-risk debt that squeezed out a few extra dollars for the governments but promised m
Marketplace (American Public Media)
added Aug 7, 2014 11:27
20 Views

Oppenheimer Sues Rhode Island Over $594 Million Bond Deal

Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16-year-old accord over health-care related cost
Bloomberg News
added Aug 6, 2014 07:15
12 Views

[Rhode Island] Up in Smoke: RI Tobacco Is Day-to-Day

Rhode Island's Tobacco deal has been put on day to day status by Citigroup following a lawsuit from two Oppenheimer Rochester funds.
Bond Buyer Online
added Aug 6, 2014 01:03
4 Views

OppenheimerFunds Says It Sued Rhode Island Over Tobacco Deal

Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16-year-old accord over health-care related cost
Business Week/Bloomberg
added Aug 6, 2014 00:36
6 Views

[Rhode Island] OppenheimerFunds Sues Over R.I.'s $594M Tobacco Bond ($$)

Two municipal bond funds run by OppenheimerFunds Inc. on Monday filed suit in Rhode Island state court over an anticipated $594 million bond offering that the funds say would enable the state to siphon money meant for bondholders to itself and to an unnam
Law360
added Aug 6, 2014 00:35
8 Views

Rhode Island Refunds Tobacco Bonds as Rally Sputters: Muni Deal

Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. The state’s Tobacco Settlement Financing Corp. is refunding securities this
Bloomberg News
added Aug 4, 2014 04:36
26 Views

Reynolds American's merger and a massive fine could snare tobacco muni bonds

A stream of news out of the tobacco industry has failed to derail prices on municipal bonds backed by cigarette makers. But muni bond analysts warn that investors could get caught in the middle as the big players in the tobacco industry shift.
MarketWatch (Wall St. Journal)
added Jul 22, 2014 13:12
17 Views

Market Close: Puerto Rico Sell-Off Sparks Tobacco Bond Sales

Puerto Rico debt concerns have spurred a sell-off tobacco bonds as hedge funds that invest in riskier assets seek liquidity, market participants said.
Bond Buyer Online
added Jul 9, 2014 19:22
26 Views

[North Carolina] Tobacco bonds may face accelerated defaults

But as tobacco shipments decline, so does the amount of MSA payments. Makers of e-cigs and vapor cigarettes are not subject currently to the MSA, so as smokers switch to those products, cigarette shipments and payments decline further. That trend led Moo
Winston-Salem (NC) Journal
added Jun 30, 2014 08:27
9 Views

VIDEO: E-cigs vs. tobacco: Here’s where to find value, pro says

don't count big tobacco out, one investment pro said. In fact, he thinks it's the perfect time to jump into tobacco stocks, and he wouldn't count the bonds out either. "Big tobacco is not in denial on e-cigs," Lee Munson, chief investment officer of Por
CNBC
added Jun 24, 2014 17:58
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