Holy Smokes: Calif.'s Tobacco Bond Deal Heads Our Way
March 27, 2017

In the latest installment of Muni Minute, we take a quick look at the big tobacco bond sale coming from the Golden State Tobacco Securitization Corp. Jefferies will price over $600 million of the tobacco settlement asset-backed bonds this week. With muni yields still at historically low levels, investors seeking higher yielding assets may be willing to take on a bit more risk in order to get it.

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