New York City's tobacco bond plan raises rating, structure questions
- Florida May Insure Settlement Funds Should Big Tobacco Fold. Sigo, Shelly // Bond Buyer;04/07/2000, Vol. 332 Issue 30866, p3
Reports on Florida's efforts to protect its ability to issue bonds against its tobacco industry settlement revenues as of April 7, 2000. State legislature's plan to insure the revenues should tobacco companies fail due to damages awarded by juries.
- Will Nassau Trump NYC? Kruger, Daniel // Bond Buyer;10/04/99, Vol. 329 Issue 30739, p1
Reports on the legal developments affecting the ability of municipalities to issue bonds backed by revenues from the tobacco settlement in the United States. New York City and Nassau County, New York's separate bids to become the first to issue such bonds; Effects of the civil suit filed by the...
- Step one: Bankruptcy. Kruger, Daniel // Bond Buyer;06/11/99, Vol. 328 Issue 30660, p1
Reports on the municipal bond market's examination of bankruptcy issues which may affect bonds backed by funds from the settlement between states and the American tobacco industry. Rating of bonds backed by the tobacco settlement; Key concerns of municipalities in initial securitization deals.
- Counties Trust in Tobacco. Stanton, Michael // Bond Buyer;11/06/2000, Vol. 334 Issue 31011, p1
Focuses on issues on tobacco settlement securitization in New York. Supporters of the New York Counties Tobacco Trust I; Deal between the government and tobacco industry; Amount of the tobacco bond deal; Implication of the multiple amortization schedules for the stability of cash flows;...
- Lower Smoking Numbers May Be Bad for MSA Bonds. Albanese, Elizabeth // Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p5
The article reports on a significant decline in the number of cigarettes sold in the United States in 2005. According to the National Association of Attorneys General, the drop may bode well for national health concerns, but could impact municipal tobacco bonds which are backed by payments to...
- The smoke has yet to clear from the great tobacco bond debate. Karchmer, Jennifer // Bond Buyer;03/15/99, Vol. 327 Issue 30598, p8
Reports on municipal bond analysts and portfolio managers' views on municipal bonds backed by revenue from the tobacco industry settlement in the United States. Future of the bonds; Insurance available for the bonds; Bond ratings; Complexity of the settlement's payment formula.
- State court says New York city's share of tobacco settlement is reasonable. Kruger, Daniel // Bond Buyer;07/19/99, Vol. 329 Issue 30685, p36
Reports on New York appellate court decision on New York City's appeal for larger share of tobacco settlement payments. New York City's disqualification for a larger share in tobacco settlement; Plaintiff's argument on the irregularity of settlement payments distribution.
- Florida Verdict's Effect on Big Tobacco: Smoke, But No Fire. Ryst, Sonja // Bond Buyer;07/19/2000, Vol. 333 Issue 30935, p7
Reports on the effect of the punitive-damages award issued by a Florida jury against tobacco companies on the municipal bonds they back. Rating agencies' plan to affirm their original predictions about cigarette makers' fates; Four factors cited by Moody's on which it based its decision to...
- Tobacco Underwriting Spreads Squeezed, Just Like Rest of Market. Hanson, Matthew // Bond Buyer;10/31/2007, Vol. 362 Issue 32745, p36
The article reports on the condition of per-bond compensation that underwriters make on any given tobacco bond deal, based on the data released by Ohio after the recent $5.5 billion tobacco sale. The data indicated a shrinking performance in per-bond compensation as extra fees for structuring...