Headlines Tagged with Bonds — 1,538 headlines found
"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
Apr 1, 2015 Bayou Buzz
added Apr 1, 2015 19:25
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
Mar 21, 2015 Baton Rouge (LA) Advocate
added Mar 22, 2015 10:21
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.
Mar 19, 2015 Law360
added Mar 20, 2015 13:13
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
Mar 20, 2015 Baton Rouge (LA) Advocate
added Mar 20, 2015 13:06
It’s the same bad fiscal policy that’s created the current $1.6 billion “structural deficit” in the state budget, Kennedy said Wednesday. The administration proposes sale of the remaining portion of a 1998 tobacco settlement in order to generate $750 mi
Mar 12, 2015 Baton Rouge (LA) Advocate
added Mar 12, 2015 12:10
[Louisiana] Treasurer opposes Jindal tobacco settlement sale proposal, criticizes as 'another gimmick'
Kennedy balked Wednesday at Gov. Bobby Jindal's proposal to sell the last piece of Louisiana's tobacco settlement for upfront cash to pay for Louisiana's free college tuition program called TOPS.
Mar 11, 2015 AP - Associated Press
added Mar 12, 2015 10:01
State Treasurer John Kennedy is encouraging the Jindal administration to reconsider selling what’s left of the state’s tobacco settlement. “Any farmer knows it’s a bad idea to sell your seed corn because then you can’t plant next year’s crop,” Kennedy
Mar 11, 2015 Baton Rouge (LA) Advocate
added Mar 11, 2015 15:57
Rhode Island is set to issue $618 million of tobacco bonds next week, ending a seven-month delay caused by a legal challenge from OppenheimerFunds Inc.
Mar 3, 2015 Bloomberg News
added Mar 3, 2015 18:54
some of those bonds are now coming back to bite them. An analysis of more than 100 such deals by ProPublica, the nonprofit investigative journalism enterprise, last year found that some bonds are in trouble because annual settlement payments to the state
Feb 20, 2015 USA Today
added Feb 20, 2015 04:19
High-yield tobacco debt has surged 5.2 percent this year, more than any other area of munis and beating the entire market’s 1.6 percent return, Barclays data show.
Feb 8, 2015 Bloomberg News
added Feb 8, 2015 18:10