California Gives Wells Fargo First Bond Deal Since Accounts Scandal

The video discusses Wells Fargo's re-entry into the California market after a ban on negotiated deals was lifted. It highlights the shift from tax-exempt to taxable market issuance, particularly in California, driven by tax reforms and low interest rates. The trend towards covenant light deals is examined, focusing on investor protection. The video concludes with insights into the higher education segment, noting an increase in taxable issuance for capital projects and leveraging endowments.

What changes have occurred in the California market since the ban was lifted?

How did Wells Fargo support California during the ban?

What trend is being observed in the municipal market regarding taxable issuance?

What factors have driven the increase in taxable issuance in California?

What can be expected from the higher education segment in terms of issuance?