TITLE

Salomon Gets Tobacco Nod

AUTHOR(S)
McDonald, Michael
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/25/2003, Vol. 343 Issue 31600, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The New York Municipal Bond Bank Agency has chosen Salomon Smith Barney Inc. to senior manage the first series of governor George E. Pataki's proposed 4.2 billion dollar tobacco bond sale, which the agency would conduct through a subsidiary called the Tobacco Settlement Financing Corp.as of March 25, 2003. The bond bank made the choice using a procurement process in which it can rely on a panel of underwriters prequalified by its sister agencies, the New York State Housing Finance Agency and New York State Mortgage Agency.The other underwriters invited to make proposals included Bear, Stearns & Co., First Albany Corp., Goldman, Sachs& Co., etc.
ACCESSION #
9440068

 

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