Midwest in a nutshell: borrowers found ways to refund in 2020

The Buckeye Tobacco Settlement Financing Authority priced a $5.3 billion deal to restructure 2007 bonds, taking the paper off a default track and setting up the long-term possibility that the state will regain the revenues after the debt is paid off. “The Authority delivered on its objectives, lowering debt service costs and creating a more resilient structure. As a result, future tobacco settlement payments now have an opportunity to benefit Ohioans.” said Kim Murnieks, director of the Ohio Office of Budget and Management.

Articles You May Like

Bitcoin Bollinger Bands hit key zone as BTC price fights for $27K
FEMA pleads for funding as municipalities clamor for relief
America’s Most Expensive ZIP Codes Of 2023
Billions of dollars in western profits trapped in Russia
The ‘Great IPO Reopening’ may be on hold: rising rates and weaker stocks are a killer