TITLE

Erie County, N.Y., Tobacco Deal Will Try to Lure Skeptical Buyers

AUTHOR(S)
Albano, Christine
PUB. DATE
September 2000
SOURCE
Bond Buyer;09/18/2000, Vol. 333 Issue 30977, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the plans of the Erie County Tobacco Asset Securitization Corp. to attract investors for tobacco bonds in New York. Involvement of Bear, Stearns & Co. in bond pricing; Details on agency ratings for senior-lien and subordinate bonds; Importance of lowering bond prices to offset the absence of secondary market for tobacco settlement.
ACCESSION #
3645909

 

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