Analyst: Fewer Turbo Redemptions Coming; Debt Not Trading Equally

Albanese, Elizabeth
April 2006
Bond Buyer;4/21/2006, Vol. 356 Issue 32365, p7
Trade Publication
The article reports on the business forecasting by a municipal bond analysts pertaining to the tobacco industry. It underscored that tobacco bond issuers will redeem fewer turbo bonds for this year than was originally predicted. This is substantiated by the fact that some tobacco bonds that are considered as vulnerable by the analysts are trading at higher yields than other tobacco munis.


Related Articles

  • Tobacco debt gets small play in South. McEntee, Christopher; Menke, Arthur; Whalen, Robert // Bond Buyer;04/05/99, Vol. 328 Issue 30612, p1 

    Reports on the debate over the sale of bonds backed by tobacco settlement money in the Southern States. Louisiana Treasurer Ken Duncan's proposal to establish a perpetual trust fund for the settlement payments; Florida Governor Jeb Bush's proposal to `lock up' the money in a trust fund to pay...

  • Munis Steady, Tone Primarily Firm; Vacations Result in Muted Activity.  // Bond Buyer;8/25/2003, Vol. 345 Issue 31705, p2 

    Presents information related to bonds in the U.S. as of August 25, 2003. Expectations by William Sullivan, senior economist at Morgan Stanley, regarding durable goods order; Rates of treasuries; Amount of outflows of municipal bond funds; Outflows of taxable bond funds.

  • Tobacco Bond 'Turbo' Payments Lagging, J. B. Hanauer Reports. Albanese, Elizabeth // Bond Buyer;10/29/2004, Vol. 350 Issue 32000, p1 

    Reports that tobacco settlement bond payments mandated under so-called turbo redemption provisions are falling behind initial projections in the U.S. Role of turbo provision in many bond deals sold to securitize payments to states; Expectations from the special mandatory redemption; Realization...

  • New York Bond Calendar Released. Coen, Andrew // Bond Buyer;1/08/2015, Vol. 1 Issue 34239, p1 

    New York State is looking at a slower first quarter bond sales calendar than a year ago, but plenty of new issuance is still forecasted.

  • Airline, Tobacco Holdings Put Drag On 1st-Q Earnings. Fine, Jacob // Bond Buyer;4/9/2003, Vol. 344 Issue 31611, p6 

    Municipal bond mutual funds with a lot of airline-related bonds suffered a setback during the first quarter of 2003. The airline sector of the Lehman Brothers High Yield Municipal Index tumbled 18.63 percent on a total return basis during the first quarter. The security behind much of those...

  • Tobacco Bonds Stay Steady Despite Moody's Downgrades. Albano, Christine // Bond Buyer;4/30/2004, Vol. 348 Issue 31874, p1 

    Reports on the condition of tobacco bonds despite Moody's Investors Service Inc.'s massive downgrade in New York. Continuance of investors in looking for buying opportunities in high-yielding sector of the municipal bond market; Influence of Moody's downgrades on the ratings of the bonds;...

  • D.C. May Sell $210M in Tobacco Bonds to Fund Medical Center. Vadum, Matthew // Bond Buyer;3/23/2006, Vol. 355 Issue 32345, p31 

    The article reports that the District of Columbia is considering issuing $210 million in tax-exempt subordinated zero-coupon bonds backed by tobacco companies' payments under the Master Settlement Agreement. It aims to help finance the construction of the proposed National Capital Medical...

  • Benefits of Hazard Play. Fine, Jacob; Johnson, Matthew // Bond Buyer;7/8/2005, Vol. 353 Issue 32170, p1 

    Reports on the performance of municipal bonds in the United States during the second quarter of 2005. Reason why the Oppenheimer Rochester National Municipals Fund was the top performing municipal bond fund during the quarter; Events that helped propel tobacco bond prices higher during the...

  • Bond-Buyer's Dilemma. Polyak, Ilana // Financial Planning;Apr2006, Vol. 36 Issue 4, p47 

    Highlights the success of investment advisor Ron Fielding's Oppenheimer Rochester National Municipals fund. Decision of Fielding to buy municipal bonds sold by tobacco companies at a time when the tobacco industry is getting negative media coverage; Average annual growth of the tobacco funds of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics