N.J. Tobacco Bonds a Lucrative Deal for Commerce, Salomon

Braun, Martin Z.
October 2002
Bond Buyer;10/24/2002, Vol. 342 Issue 31498, p1
Trade Publication
Reports on the amount paid as compensation and fees by New Jersey to lead managers Salomon Smith Barney Inc. and Commerce Capital Markets Inc. for their role in the sale of tobacco bonds in August 2002. Total gross underwriting spread on New Jersey's deal as compared to a similar deal done by Wisconsin; New Jersey treasury officials' denial of the role of political influence in selecting the lead underwriters.


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