MassDOT’s Decision to Postpone Bond Deal Post-Election Costs It $28 Million in Savings

Banker & Tradesman reports, “Moving to refinance bonds after the presidential election rather than before it has cost the Massachusetts Department of Transportation roughly $28 million in projected savings.” The report looks at the agency’s strategy for refinancing $642 million in revenue bonds and explains why ratings agencies and bond buyers will be watching the results of the state turnpike’s recent transition to all-electronic tolling.