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Headlines Tagged with Bonds 1,535 headlines found

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[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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[Louisiana] State treasurer warns against tobacco settlement sale plans

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
Baton Rouge (LA) Advocate
added Mar 12, 2015 12:10
3 Views

[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.
AP - Associated Press
added Mar 12, 2015 10:01
6 Views

[Louisiana] Treasurer Kennedy warns against tobacco settlement sale

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
Baton Rouge (LA) Advocate
added Mar 11, 2015 15:57
36 Views

Rhode Island $618 Million Tobacco Bond Ends Seven-Month Wait

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.
Bloomberg News
added Mar 3, 2015 18:54
9 Views

When states win lawsuits, where does money go?

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
USA Today
added Feb 20, 2015 04:19
17 Views

Tobacco-backed muni bonds are high-yielding winners

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.
Bloomberg News
added Feb 8, 2015 18:10
17 Views

Rhode Island likely saves close to $1B thanks to ruling on bonds case

thanks to the outcome of a Tobacco Settlement Financing Corporation (TSFC) bonds case. The savings came after a Rhode Island Superior Court judge last month ruled in favor of the TSFC over the issuing of about $600 million in tobacco bonds.
Inside Counsel
added Feb 5, 2015 06:08
8 Views

[California] Fitch Corrects 2014 U.S. Tobacco Portfolio Review Spreadsheet

has revised the 2014 U.S. Tobacco portfolio review spreadsheet originally published on Aug. 8, 2014. The revision was required to correct inaccurate descriptions of the prior Rating Watch/Outlook status of two series of bonds issued by the California Coun
Business Wire
added Jan 30, 2015 12:09
4 Views

[Ireland] Sell government tobacco shares to stub out smoking, say retailers ($$)

National Pensions Reserve Fund (NPRF)... The Convenience Stores and Newsagents Association (CSNA), which acts on behalf of 1,200 small retailers and franchise holders, has called on the government to unwind its “unethical investment” in cigarette compani
Times Of London (uk)
added Jan 26, 2015 16:30
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