Wither Tobacco Bonds?
- N.Y. Counties At Risk From Tobacco Debt. McDonald, Michael // Bond Buyer;9/17/2003, Vol. 345 Issue 31721, p1
Reports on the possibility for New York counties to lose revenues as result of the structure of their tobacco bond deals. Consequences of the decline of tobacco company credit quality; Review on the restructure of bond deals; Citation of the financial challenges faced by the counties.
- Tobacco-Backed Bonds Get a Boost From Recent Litigation. Ryst, Sonja // Bond Buyer;05/31/2000, Vol. 332 Issue 30902, p6
Reports that tobacco-backed bonds have received a boost from shareholder response to litigation in favor of tobacco companies in the United States. Review of tobacco bond issues by the US Internal Revenue Service as part of its tax-exempt bond compliance program; Factors behind the upward trend...
- California County Eyes Tobacco Bond Refinancing. Colomer, Nora // Structuredfinancenews.com;10/15/2014, p1
The article reports on the plan of the California County Tobacco Securitization Agency to refinance tobacco bonds it released in 2002. The 2014 serial bonds will be backed by revenue from tobacco companies. The serial bonds will include fixed-rate current interest bonds and term bonds which will...
- The Great Tobacco Bond Scramble. Lehmann, Richard // Municipal Finance Journal;Spring2003, Vol. 24 Issue 1, p59
Presents updates on the tobacco industry in the U.S. as of March 2003. Reliability of tobacco bond revenue projections; Problem of smoking as a moral issue; Basis for bond rates made by credit agencies.
- Moving on After an Unexpected Change at the Top. Carvlin, Elizabeth // Bond Buyer;3/8/2004, Vol. 347 Issue 31836, Bond Buyer p38
Focuses on the economic recovery of Indiana after the death of governor Frank O'Bannon. Use of tobacco settlement revenue-backed debt; Increment of the state's bond issuance; Contribution of health care debt to the state's bond issuance.
- TOBACCO SECURITIZATION & PUBLIC SPENDING. Johnson, Craig L.; Kioko, Sharon N.; Abbas, Yulianti // Albany Government Law Review;Fall2012, Vol. 6 Issue 1, p21
The article mentions about the "Master Settlement Agreement" (MSA) signed between the major tobacco companies in the U.S. that deals with all legal claims against the major tobacco companies and presents an analysis of the securitization of the MSA revenue. It discusses the financial obligations...
- N.Y.C. to Restructure Tobacco Debt. McDonald, Michael // Bond Buyer;9/16/2003, Vol. 345 Issue 31720, p1
Reports on the restructuring of the tobacco bonds in New York City. Plans of the city officials to finance ongoing capital projects; Need of discussing the alternative tobacco bond structures; Use of double-barrel pledges in selling tobacco bonds.
- S.C. Tobacco Securitization Yields Extra $16 Million. Sigo, Shelly // Bond Buyer;03/12/2001, Vol. 335 Issue 31094, p39
Reports that the state government of South Carolina generated more proceeds than expected from the sale of tobacco revenue bonds. Excess amount generated from the bond deal; South Carolina officials' plans of taking a break after such a successful conclusion to the state's bond transaction;...
- IRS Ends Audit of Westchester County's '99 Tobacco Deal. Kinnander, Ola // Bond Buyer;5/8/2002, Vol. 340 Issue 31382, p4
Reports the conclusion of the Internal Revenue Service audit on the tobacco securitization bond issue in Westchester County, New York. Retention of tax-exempt debt; Variation in the structure of tobacco financing; Recovery of working capital needs.