Moody's: Tobacco Bond Market Could Double in 2001
- NY City tobacco bond bests that of its Nassau neighbor. O'Leary, Christopher // Investment Dealers' Digest;11/15/99, Vol. 65 Issue 45, p9
Reports on the New York City, New York tobacco settlement bond among investors. Provision of cashflows for settlement bonds; Wariness among investors that the bonds are not secure; Controversy on the role that rating agencies played in the deals' pricing.
- Abbreviated Week Holds Limited, But Unique, Opportunities. Albano, Christine // Bond Buyer;9/4/2001, Vol. 337 Issue 31216, p7
No abstract available.
- Tobacco Yields Still Down, But More Obstacles Ahead. Albanese, Elizabeth // Bond Buyer;12/29/2006, Vol. 358 Issue 32538, p3
The article reports on the problems facing the tabacco market in Dallas, Texas. The tobacco bond in Dallas continue to trade at historically low yields. Its been a tradition hat high-yield sector continues to face a number of challenges such as consumption declines and reduced payments to states...
- A wide range of experience is needed on tobacco deals. Kruger, Daniel // Bond Buyer;03/22/99, Vol. 327 Issue 30603, p1
Reports on underwriting firms' need to have a wide range of experience on deals tied to the 46-state tobacco settlement in the United States. Underwriters' efforts to address questions related to tobacco offerings; Links between the company payments and shifts in their market share and...
- Colorado Bill Would Create Conduit Issuer for Tobacco Bonds. Albanese, Elizabeth // Bond Buyer;2/8/2005, Vol. 351 Issue 32066, p27
Reports on the legislative proposal of Representative Dale Hall that authorize the creation of conduit issuer charged with the task of securitizing the state's share of the Master Settlement Agreement with tobacco companies in Colorado. Limits on year-to-year spending in the constitutional...
- 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...
- Despite Inherent Risks, Sector Proves Irresistible to Some. Posner, Matthew // Bond Buyer;4/25/2007, Vol. 360 Issue 32615, p7
The article discusses the conditions on the risks of settlement revenue bonds for tobacco industry in the U.S. According to the author, many investors are interested in tobacco settlement revenue bonds, such as the $1.1 billion offering from Virginia Tobacco Settlement Financing Corp. However,...
- Tobacco bonds give Wall Street needed bonanza. Gandel, Stephen // Crain's New York Business;3/10/2003, Vol. 19 Issue 10, p1
Reports on the improved business of tobacco bonds in Wall Street firms following efforts of various states in the U.S. to solve the budget problems. Expected revenue from sale of tobacco bonds; Amount invested by various states on tobacco bond offerings; Underwriters of tobacco bonds.