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Headlines Tagged with Bonds 1,540 headlines found

16 Views

[New York] CRUDELE: How the government wasted tobacco’s $200B windfall

So, Albany is missing out on billions from smuggled cigarettes, losing out on tax from the smokes the Native Americans are selling, and shouldering the cost of bonds foolishly issued to back Master Settlement money it might never see. I called state Att
New York Post
added Oct 20, 2015 13:22
8 Views

New York Gets $550 Million in Tobacco Deal ($$)

An agreement ending a decadelong dispute between New York and major tobacco companies will deliver $550 million to the state, New York City and other counties, Attorney General Eric Schneiderman is expected to announce on Tuesday.
The Wall Street Journal Interactive Edition
added Oct 20, 2015 12:10
18 Views

Americans Are Smoking Again, a Boon for Municipal Tobacco Bonds

Americans are boosting spending on cigarettes for the first time in almost a decade. ..it’s fueling a rally in one of the riskiest corners of the municipal-bond market. High-yield tobacco bonds, which are repaid from legal-settlement money that state and
Bloomberg News
added Oct 6, 2015 21:41
10 Views

Fitch Publishes Updated Criteria for Rating U.S. Tobacco Settlement ABS

The updated criteria discloses the assumptions Fitch uses in its cash flow model, which incorporate break-even rates for possible declines of the master settlement agreement (MSA) payment amount. Fitch's starting point in the break-even analysis is the m
Business Wire
added Oct 6, 2015 12:28
7 Views

Amended: Fitch Completes U.S. Tobacco ABS Portfolio Review

Fitch Ratings has completed its annual review of tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount 2014.
Business Wire
added Sep 23, 2015 13:40
49 Views

Barclays's Kym Arnone, Head Banker on Tobacco Deals, Leaves Firm

Kym Arnone, a Barclays Plc managing director who led the bank’s sales of bonds backed by money state and local governments receive from their legal settlement with cigarette makers, has left the company.
Bloomberg News
added Aug 28, 2015 19:26
13 Views

Fitch Completes U.S. Tobacco ABS Portfolio Review

has completed its annual review of U.S. tobacco ABS ratings accounting for the amount of Master Settlement Agreement (MSA) payment received by each trust in 2015. For 2015, the aggregate MSA payment was 0.36% higher than the amount in 2014.
Business Wire
added Aug 7, 2015 20:04
13 Views

Tobacco settlement sale has little traction among Louisiana legislators

iana House members have shown little appetite for the administration’s plan to sell the remainder of what the tobacco companies owe. The House has not moved legislation that would allow the administration to cash in the remaining years of annual payments
Baton Rouge (LA) Advocate
added May 27, 2015 02:30
5 Views

[Louisiana] Bobby Jindal’s tobacco settlement sale proposal hits resistance from Treasurer John Kennedy, other legislative leaders

proposal to sell Louisiana’s remaining share of a massive tobacco settlement to help generate a few years of short-term cash has stalled, with little support from key state officials. Treasurer John Kennedy has refused to put it on the Bond Commission ag
AP - Associated Press
added May 16, 2015 10:27
14 Views

Tobacco-Bond Deals Revived as U.S. States Conjure Up Budget Cash

Almost two decades after U.S. states settled with tobacco companies on payments for health-care costs, officials are still finding new ways to tap the revenue stream to close budget gaps and fund programs.
Bloomberg News
added Apr 13, 2015 11:12
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