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Headlines Tagged with Bonds 1,534 headlines found

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
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[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
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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
2 Views

Louisiana Gov. Bobby Jindal Pushes for Tobacco Bond Deal ($$)

Louisiana Gov. Bobby Jindal is urging lawmakers to adopt his plan to securitize the remaining 40% of the state's tobacco revenues from the Master Settlement Agreement.
Bond Buyer Online
added Apr 12, 2015 13:43
5 Views

[Louisiana] Bill filed to sell tobacco settlement money

Legislation was filed Friday that will allow the Tobacco Settlement Financing Corp. to issue bonds for 40 percent of the state's tobacco settlement revenue, generating $30 million to $60 million per year for TOPS through 2023 and $150 million for coastal
Monroe (LA) News-Star
added Apr 5, 2015 13:08
6 Views

[Louisiana] Treasurer Kennedy says Jindal's tobacco scheme is no April's Fool Joke

"We're about to plunder our last savings account by selling the remaining portion of the tobacco settlement and spending the money. Even worse, we're going to ignore state law and steer millions of dollars in fees to a group of people handpicked by the D
Bayou Buzz
added Apr 1, 2015 19:25
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[Louisiana] Political Horizons: Need cash now? La. looks at selling tobacco settlement

Interactions between Nichols and Kennedy, regardless of the venue, feature steely politeness and deftly aimed verbal daggers. The Tobacco Settlement board meeting did not disappoint.... “You dangle $700 million in front of the Louisiana Legislature now, a
Baton Rouge (LA) Advocate
added Mar 22, 2015 10:21
16 Views

[Rhode Island] RI Issues $620M In Tobacco Bonds After Oppenheimer Row ($$)

Rhode Island issued $620 million in tobacco bonds on Thursday, netting an immediate $36 million payment and following through on a much-anticipated issuance after successfully beating back OppenheimerFunds Inc.’s lawsuit seeking to block the issuance.
Law360
added Mar 20, 2015 13:13
8 Views

[Louisiana] Kink in plan to sell tobacco settlement

Lt. Gov. Jay Dardenne on Thursday threw a crimp into the Jindal administration’s plan to sell the remaining portion of the tobacco settlement monies by recalling that the state’s voters nine years ago overwhelmingly approved a constitutional amendment th
Baton Rouge (LA) Advocate
added Mar 20, 2015 13:06
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