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

Albano, Christine
September 2000
Bond Buyer;09/18/2000, Vol. 333 Issue 30977, p7
Trade Publication
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.


Related Articles

  • Competitive Bond Offerings.  // Bond Buyer;2/19/2009, Vol. 367 Issue 33065, p10 

    A chart is presented depicting the competitive bond offerings in New York from February 19 to February 26, 2009 including Ashland ISD Fin Corp., Southern York Co. SD and Baldwin UFSD.

  • Rates fall as commodities drop; 30-year bond yield slips to 6.66%. Fraust, Bart // American Banker;7/9/1993, Vol. 158 Issue 130, p20 

    Reports on the decline in interest rates with the lowering of commodity prices as of July 8, 1993. Yield of 30-year Treasury bond; 10-year and 2-year notes; Price of gold.

  • Harvest comes through for HSBC Argentina. F.O. // Asset Securitization Report;12/9/2002, Vol. 2 Issue 48, p18 

    Reports on the commodity-backed bond issue by HSBC Argentina. Collateral comprised of loans to 150 agricultural producers; Short-term rating of A3 on the national scale given by Fitch Ratings.

  • Breaking Into Commodities. O'Hara, Neil A. // On Wall Street;Aug2005, Vol. 15 Issue 8, p17 

    The article offers advice on managing commodity futures, which brokers consider as an alternative investment for higher returns. Commodity funds are considered by some as the simplest and most convenient vehicle. Direct investment in futures is risky. Commodity-backed notes is a much safer...

  • Bill Would Provide Two Years of New Volume Cap for QZABs. Jagoda, Naomi // Bond Buyer;10/15/2015, Vol. 1 Issue 34394, p1 

    A bipartisan bill offered in the House would extend the Qualified Zone Academy Bond program by providing $400 million of volume cap for the bonds in each of 2015 and 2016.

  • N.Y.C.'s Transitional Finance Strategy. O'Brien, Elizabeth // Bond Buyer;2/8/2006, Vol. 355 Issue 32315, p1 

    The article reports on the call of the New York City of the state to enhance the bond cap on its Transitional Finance Authority (TFA). The move is intended to sell half of the 23.8 billion dollar of general obligation. It is also results in the reduction of the city's borrowing cost. Originally,...

  • IPOs IN THE U.S.  // Investment Dealers' Digest;8/18/2003, Vol. 69 Issue 33, p52 

    Presents charts related to initial public offerings in the U.S. as of August 18, 2003.

  • THE IPO 100.  // Investment Dealers' Digest;8/18/2003, Vol. 69 Issue 33, p53 

    Presents a chart related to 100 initial public offerings in the U.S. as of August 12, 2003.

  • AFTERMARKET PERFORMANCE.  // Investment Dealers' Digest;8/18/2003, Vol. 69 Issue 33, p54 

    Presents charts and graphs related to initial public offerings in the U.S. as of August 2003.


Read the Article


Sign out of this library

Other Topics