DALLAS - Louisiana Tobacco Settlement Financing Corp. trustees gave swift approval Tuesday to the controversial refinancing of up to $720 million of outstanding tobacco settlement revenue bonds.

The negotiated deal is structured to provide an estimated $142.8 million of savings in the first three years.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.