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Headlines Tagged with Bonds 1,534 headlines found

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[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
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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
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[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
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[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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[Kansas] Budget Problems Could Prompt Sale Of Tobacco Settlement, Lobbyist Says

The settlement currently provides about $50 million a year for early education and other children’s programs. But Shannon Cotsoradis, the president of Kansas Action for Children, says lawmakers are talking about trading those annual payments for $400 mi
KMUW 89.1 Wichita (KS) Public Radio
added Mar 8, 2016 22:00
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Buying Cigarettes With Gas Money Keeps Tobacco-Bond Rally Aflame

Tobacco securities, which are repaid from legal-settlement money that states and localities receive from cigarette companies, have been a top-performer over the past two years. That’s because -- for the first time in a decade -- Americans aren’t giving u
Bloomberg News
added Mar 4, 2016 17:04
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Fitch Affirms New Jersey EDA's Cigarette Tax Rev Bonds at 'BBB+'; Outlook Stable

affirmed the 'BBB+' rating on the New Jersey Economic Development Authority's cigarette tax revenue refunding bonds, series 2012, outstanding in the amount of approximately $798.1 million. The Rating Outlook is Stable.
Business Wire
added Mar 2, 2016 23:33
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[New York] Fitch Takes Various Actions on Tobacco Settlement ABS

The rating actions described below consider: Fitch's new U.S. Tobacco Settlement ABS Criteria dated Oct. 5, 2015, a deviation from that criteria, updated and clarified data, model refinements, and enhancements to Fitch's rating analysis, particularly as t
Business Wire
added Feb 3, 2016 22:36
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Fitch Maintains 14 New York Tobacco Settlement ABS Tranches on Rating Watch

in connection with an ongoing and comprehensive portfolio review of the entire Fitch-rated universe of tobacco bonds. Fitch has completed or nearly completed the review of transactions from other jurisdictions and will concentrate on the New York portfol
Business Wire
added Feb 2, 2016 23:46
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[New Jersey] NJ Broker Seeks Unpaid Commission In Tobacco Escrow Deal ($$)

A California private equity firm was hit Wednesday with a lawsuit in New Jersey federal court over an alleged failure to pay commission to a private mortgage broker as part of a $146 million purchase of tobacco escrow fund assets in 2010.
Law360
added Jan 24, 2016 00:38
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