Tobacco Settlement Financing, La., prepares $638.03 million bond deal

By Sheri Kasprzak

New York, June 14 - The Tobacco Settlement Financing Corp. of Louisiana plans to sell $638.03 million of series 2013A tobacco settlement asset-backed refunding bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Citigroup Global Markets Inc. and Jefferies & Co. as the lead managers. The co-managers are BofA Merrill Lynch, Loop Capital Markets LLC, Raymond James/Morgan Keegan, Siebert Brandford Shank & Co. LLC, Southwest Securities Inc., Stephens Inc. and Williams Capital Group LP.

The bonds are due 2016 to 2033 with a term bond due in 2035.

Proceeds will be used to refund all outstanding series 2001B asset-backed tobacco settlement bonds.

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