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JPMorgan wins Texas municipal-bond deal



JPMorgan Chase & Co won a competitive auction for a municipal-bond deal sold by a Texas school district, marking a major step for the bank after it paused most public-finance work in the state because of a new Republican law targeting Wall Street’s gun policies.
Frisco Independent School District, about
30 miles (48 kilometres) north of Dallas, awarded a roughly $13 million bond issue to the bank,
according to data compiled by Bloomberg.
The biggest US bank published a letter stating its interest in underwriting municipal securities for the state and its myriad issuers, including cities, counties and school districts.

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