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UBS dropped from $3.4 billion Texas natural gas securitization pricing - Vimarsana News

UBS dropped from $3.4 billion Texas natural gas securitization pricing

UBS Group was the only bank that underwrites munis included in the state's list of financial companies determined to be boycotting energy businesses.

UBS placed on Texas list of fossil fuel 'boycotters' - Vimarsana News

UBS placed on Texas list of fossil fuel 'boycotters'

UBS' placement on the Texas comptroller's list of fossil fuel industry "boycotters" could jeopardize its role in a natural gas utility securitization bond sale.

Jefferies tapped to lead $3.4B Texas natural gas securitization deal - Vimarsana News

Jefferies tapped to lead $3.4B Texas natural gas securitization deal

The Texas Natural Gas Securitization Finance Corporation picked a team of underwriters to sell debt for utilities hit hard during 2021’s Winter Storm Uri.

Team being tapped for $3.4 billion Texas natural gas securitization - Vimarsana News

Team being tapped for $3.4 billion Texas natural gas securitization

A taxable bond issue will raise $3.4 billion for extraordinary costs incurred by natural gas utilities during deadly Winter Storm Uri that hit Texas in 2021.

Texas Seeks Mega-Deal Underwriter as Laws Oust Wall Street Banks - Vimarsana News

Texas Seeks Mega-Deal Underwriter as Laws Oust Wall Street Banks

(Bloomberg) -- Texas is seeking underwriters for a $3.4 billion bond deal to bail out natural gas utilities stung by huge financial losses after the deadly February 2021 winter storm.