A pedestrian passes a UBS Group AG bank branch in Zurich, Switzerland. — Bloomberg
DALLAS: UBS Group AG’s municipal-underwriting subsidiary lost out on a Texas bond deal after the state comptroller included the parent company on a list of firms he deems “boycott” the fossil fuels industry.
Normangee Independent School District, about 225kms south of Dallas, had accepted a bid by UBS Financial Services Inc to underwrite a bond deal sold via auction Aug 8, according to bond documents.
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