Sims Insights

Fire in the Hole for Tobacco Bonds – Part 2
September 12, 2011

Since that report, it was reported that two other issues, Virginia and the Ohio Buckeye Tobacco bonds, will be forced to invade debt reserve funds in order to meet minimum interest and serial bond repayment requirements this year.

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Fire in the Hole for Tobacco Bonds – Part 1
May 15, 2011

Tobacco Settlement cash flow declined again in 2011. Shipment declines in 2011, while not as severe as in 2010 from the 61 cent federal excise tax increase, continued to exceed expectations, declining by 4.93% as reported by the Tobacco Tax Bureau.

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