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Wall Street faces biggest Texas loss yet in mega bond deal

April 12, 2022 9:53 AM

NEW YORK (BLOOMBERG) – Some of Wall Street’s biggest municipal-bond underwriters, ousted from Texas after they limited business with the gun industry, are now facing their biggest loss of business yet as the Lone Star state seeks underwriters for a US$3.4 billion ($4.65 billion) storm-bond sale.

Source : https://www.straitstimes.com/business/banking/wall-street-faces-biggest-texas-loss-yet-in-mega-bond-deal

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