Louisiana Hits Screens With Tobacco Settlement ABS

25 Jun 2013

The State of Louisiana is in the market with a $638.03 million securitization of tobacco settlement revenues.

The State of Louisiana is in the market with a $638.03 million securitization of tobacco settlement revenues.  Citigroup is lead underwriter on the trade, known as Tobacco Settlement Asset Backed Refunding Bonds Series 2013A.

The deal—which is stratified into 26 tranches, provisionally rated A through BBB+ by ...

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