Trump secures $175 million bond in New York civil fraud case

Former President Donald Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing.

Trump secured the bond through Knight Specialty Insurance Company, which is owned by the privately-held Hankey Group, whose chairman told ABC News that he considers himself a Donald Trump supporter.

"This is what we do at Knight Insurance, and we're happy to be able to accommodate the ex-president in this situation," Don Hankey told ABC News. "I'd say it's more of a business decision, but I happen to be a supporter also."

Hankey said his company was initially involved in talks to underwrite the original $464 million bond in the case -- then when a New York appellate court last week reduced the amount to $175 million, Hankey said his company renewed their effort to underwrite the bond.

"It was a relatively low number, and Donald Trump put up all the collateral in cash," Hankey said.

Hankey could not recall if Trump also used bonds as collateral for the finalized bond, noting that his company reviewed some of the former president's bonds, which he said were as "grade-A bonds, investment grade quality securities."

"We're confident that we have very good collateral," Hankey said.

Hankey told ABC News that he has contributed to the former president's campaign but could not recall the amount he donated.

An official with the New York attorney general's office declined to comment to ABC News.

"As promised, President Trump has posted bond," his attorney Alina Habba said in a statement Monday evening. "He looks forward to vindicating his rights on appeal and overturning this unjust verdict."