A federal judge determining the fate of three former UBS bankers convicted of fraudulently obtaining municipal bond contracts said Tuesday they might receive prison terms similar to three other bid-riggers.

Kimba Wood, presiding in the U.S. District Court for the Southern District of New York in Manhattan, said Peter Ghavami, Gary Heinz and Michael Welty might receive stiff fines when she imposes sentencing on Wednesday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.