Payments made by tobacco companies in 2012 under the master settlement agreement (MSA) largely met official estimates, it was announced Monday.

As estimates for the amount the tobacco companies pay the 46 states that signed the 1998 Tobacco MSA typically stray widely from the actual payment figure, a small deviation between the numbers this year should have a calming effect on the estimated $48 billion market for tobacco bonds, some in the industry said.

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