Jefferies said it received excellent demand for the $293.255 million of tobacco settlement pass-through bonds it priced for the New York Counties Tobacco Trust VI.

"There was no reduction in the N.Y. Counties Tobacco Trust VI deal, which was comprised of a $161.15 million in bonds offered to the marketplace and $132.105 million in a bond exchange, with market demand very strong," according to Kym Arnone, Joint-Head of Municipal Finance at Jefferies. "As the first deal to be sold in the tobacco space since the N.Y. NPM [Non-Participation Manufacturer] settlement was entered into in October 2015, this deal broke new ground in achieving ratings that also took into account the new tribal pack adjustment that is unique to N.Y."

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