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Headlines Tagged with Bonds 1,534 headlines found

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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
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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
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[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
4 Views

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

Discussing the impact to big tobacco now that e-cigarettes are increasingly more popular, with Steve Malanga, Manhattan Institute senior fellow, and Lee Munson, Portfolio Asset Management CIO.
CNBC
added Jun 24, 2014 17:56
12 Views

E-cigarettes could stub out tobacco bonds sooner than thought

as smokers swap traditional cigarettes for tobacco-free e-cigarettes and other vaping products, the smoking rate is declining even faster and analysts now predict some bonds could go into default before the end of this decade.
Reuters
added Jun 24, 2014 10:39
12 Views

Gross's Tobacco Bond Gain Shows Default Risk Defied: Muni Credit

High-yield tobacco debt issued by states and cities has soared 16.3 percent in 2014, beating all parts of the municipal market, Barclays Plc data show. Yields at 11-month lows are sparking demand for the junk-rated assets even as Moody’s Investors Servic
Bloomberg News
added May 20, 2014 12:57
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Strategists Concerned Muni Investors Can t Manage Tobacco Bonds Risk

Rieger said that investors are mainly interested in tobacco bonds because they offer high-yields in a market where lack of supply has driven down municipal bond yields. Muni supply for 2014 totaled $89.34 billion as of April 30, compared to $122.7 billio
Bond Buyer Online
added May 9, 2014 15:51
27 Views

New Jersey Gets $92 Million After Restructuring Tobacco Bonds

New Jersey reached a deal to obtain almost $92 million for its general fund by pledging the remainder of its revenue from the national tobacco settlement to investors. The bolstered payment pledge made trading prices on bonds linked to the agreement more
Bloomberg News
added Apr 3, 2014 07:48
22 Views

[New Jersey] NJ Democrats Decry Christie Tobacco-Bond Deal as Revenue Stunt

say Republican Governor Chris Christie has turned to financial gimmickry in a deal that pledged national tobacco-settlement revenue to investors in exchange for almost $92 million. The one-time infusion, for the current fiscal year, shows the consequence
Business Week/Bloomberg
added Mar 9, 2014 22:52
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