In gun law's wake, Goldman exits $832 million Texas bond deal - Bond Buyer

The Texas Public Finance Authority shuffled its finance team for $832 million of general obligation bonds after senior manager Goldman Sachs withdrew under the shadow of a controversial state gun law.

Without comment, Goldman joined other major underwriters in backing away from Texas business after the new gun law went into effect Sept. 1.

“In this case, Goldman Sachs has advised us that they are on pause,” Texas Public Finance Authority Executive Director Lee Deviney told the board at its Oct. 7 meeting.

source: https://www.bondbuyer.com/news/in-gun-laws-wake-goldman-exits-832-million-texas-bond-deal

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