Tag Archives: market beating tobacco

Louisiana Return market beating tobacco bonds

Louisiana is refinancing of $ 638 million in bonds backed by payments tobacco companies such as debt beats broad $ 3.7 trillion Muni market this year.
This week’s sale by the Tobacco Funding Corporation, which is the return of the securities sold in 2001, based on revenues from 1998 settlement between tobacco companies and USA state to cover medical costs associated with smoking.