San Diego Council to Consider $108M Tobacco Securitization

Saskal, Rich
April 2006
Bond Buyer;4/24/2006, Vol. 356 Issue 32366, p37
Trade Publication
The article reports on the deliberation of the San Diego City Council of the ordinance that would securitize the 1998 Master Settlement Agreement funds with tobacco companies in San Diego, California. The first reading will be attended by the city's chief financial officer, Jay Goldstone, followed by a second reading in a week with pricing on bonds. The city is expecting an issuance of 107.8 million dollars in bonds to produce net proceeds of 91.5 million dollars.


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