Long-Term Volume Hits Record High
- New York City's tobacco bond plan raises rating, structure questions. Kruger, Daniel // Bond Buyer;01/29/99, Vol. 327 Issue 30568, p48
Reports on the favorable response given by investors to New York City's plan to sell bonds backed by the city's share of the nationwide tobacco settlement. Creation of the Transitional Finance Authority; Speculations about the bonds' structure and security; Tobacco companies involved in the...
- Florida May Insure Settlement Funds Should Big Tobacco Fold. Sigo, Shelly // Bond Buyer;04/07/2000, Vol. 332 Issue 30866, p3
Reports on Florida's efforts to protect its ability to issue bonds against its tobacco industry settlement revenues as of April 7, 2000. State legislature's plan to insure the revenues should tobacco companies fail due to damages awarded by juries.
- Will Nassau Trump NYC? Kruger, Daniel // Bond Buyer;10/04/99, Vol. 329 Issue 30739, p1
Reports on the legal developments affecting the ability of municipalities to issue bonds backed by revenues from the tobacco settlement in the United States. New York City and Nassau County, New York's separate bids to become the first to issue such bonds; Effects of the civil suit filed by the...
- Step one: Bankruptcy. Kruger, Daniel // Bond Buyer;06/11/99, Vol. 328 Issue 30660, p1
Reports on the municipal bond market's examination of bankruptcy issues which may affect bonds backed by funds from the settlement between states and the American tobacco industry. Rating of bonds backed by the tobacco settlement; Key concerns of municipalities in initial securitization deals.
- Counties Trust in Tobacco. Stanton, Michael // Bond Buyer;11/06/2000, Vol. 334 Issue 31011, p1
Focuses on issues on tobacco settlement securitization in New York. Supporters of the New York Counties Tobacco Trust I; Deal between the government and tobacco industry; Amount of the tobacco bond deal; Implication of the multiple amortization schedules for the stability of cash flows;...
- Colorado Plan Would Securitize $1.5B in Tobacco Money. Albanese, Elizabeth // Bond Buyer;1/20/2006, Vol. 355 Issue 32302, p32
The article reports on the plan of Colorado lawmakers to introduce a regulation that would allow the state to issue tobacco bonds. The regulation, which is called HB 1163 is sponsored by Grand Junction representative Joshua Penry. Penry asserted that half of the proceeds will be invested into a...
- Munis Finish Down; Puerto Rico Sells $1.15B Tobacco Refunding. Monsarrat, Sean; Chesla, Nicholas // Bond Buyer;10/2/2002, Vol. 342 Issue 31483, p2
Focuses on the tobacco refunding bond issued by city officials in Puerto Rico. Details on the reduction of municipal bonds; Accounts on the use of money earned from treasury bond sales to increase prepayments; Use of tobacco settlement assets to back refunding bonds; Amount of unlimited tax...
- Lower Smoking Numbers May Be Bad for MSA Bonds. Albanese, Elizabeth // Bond Buyer;3/9/2006, Vol. 355 Issue 32335, p5
The article reports on a significant decline in the number of cigarettes sold in the United States in 2005. According to the National Association of Attorneys General, the drop may bode well for national health concerns, but could impact municipal tobacco bonds which are backed by payments to...
- The smoke has yet to clear from the great tobacco bond debate. Karchmer, Jennifer // Bond Buyer;03/15/99, Vol. 327 Issue 30598, p8
Reports on municipal bond analysts and portfolio managers' views on municipal bonds backed by revenue from the tobacco industry settlement in the United States. Future of the bonds; Insurance available for the bonds; Bond ratings; Complexity of the settlement's payment formula.