Inside these posts: Railsplitter Tobacco bonds

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Illinois tobacco bonds to fly with ’sweet’ yield

From Bloomberg News | Illinois began taking orders from individuals on $1.46 billion in municipal bonds backed by tobacco settlement payments to help meet $2 billion in outstanding bills. The so-called Railsplitter Tobacco bonds are the week’s largest issue and the state’s biggest tax-exempt borrowing since a $1.5 billion refinancing deal in February. Get the full story>>