Insider Insights on Underwriting Trump's $175 Million Bond
Tuesday, 2 April 2024, 16:49
Insider's Account of Underwriting the Bond
Don Hankey, chairman and majority shareholder of Knight Specialty Insurance, shared details of the fast-paced collaboration that resulted in underwriting former President Donald Trump's $175 million bond in New York.
Trump Provides Full Cash Collateral
In a swift and noteworthy move, Trump utilized all cash as collateral for the bond, shedding light on the accelerated nature of the transaction.
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