Grant Thornton’s public finance practice has been selected as the structuring and refunding verification agent for NYS Tobacco Settlement Financing Corp.’s (TSFC) $959.1 million ABS offering, which was priced by Barclays Capital on Tuesday.

The Series A and Series B ABS received a rating of ‘AA-minus’ from Fitch Ratings and Standard & Poor’s. The securities range in maturity date from 2012 to 2018. Proceeds from the offering, which closes on July 7, will be used refinance $1.04 billion in outstanding TSFC ABS revenue bonds.  

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