As the nation continues distributing tobacco settlements, asset-backed securities deals are popping up like corn, with Nassau County, N.Y., hoping for a balanced budget, planning a tobacco-backed securitization most likely before the end of the year, said an advisor to the county.

"We hope that it will happen in October, and if not, then in November," said Herman Charbonneau of Roosevelt & Cross Inc., the a municipal bond brokerage house advising the Nassau County Treasury Office for a transaction.

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