Cigarette Sales Drop Points To $12 Billion Tobacco Bond Defaults

Declining cigarette sales and disputes over how much tobacco companies owe to U.S. states may cause more than $12 billion of defaults on related bonds issued by California, New York City, New Jersey, Ohio and Virginia.

Topics:  u.s    california   new york city   new jersey   ohio   virginia   billion   tobacco   bond   defaults   cigarette sales   

 

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