Michigan Plots $400 Mln Tobacco Securitization
Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues.
--Catherine Cunningham
Michigan is planning a roughly $400 million securitization of its tobacco settlement revenues. State officials reached an agreement yesterday to securitize another chunk of its TSRs in order to fill a hole in the budget, said Terry Stanton, spokesman for Treasurer Robert Kleine. “The deal will ...Already a subscriber? Login