North Texas Tollway Authority and New Jersey Price Refundings
What happened
North Texas Tollway Authority and New Jersey authorities priced two previously shelved refunding deals on October 30, 2026. The deals included a $797 million refunding deal for North Texas Tollway Authority and a $1.7 billion refunding deal for New Jersey. Both had been postponed because of volatile market conditions.
From bondbuyer.com
Why it matters
The deals were delayed because market yields had risen significantly, making the initial pricing unfavorable. Horatio Porter, Chief Financial Officer of North Texas Tollway Authority, stated they decided to proceed to deliver savings and remove potential election risk.
From bondbuyer.com
Who's involved
- North Texas Tollway AuthorityIssuing a $797 million refunding deal
- New JerseyIssuing a $1.7 billion refunding deal
- PorterChief Financial Officer of North Texas Tollway Authority
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- New JerseySpeculative
New Jersey might secure infrastructure funding through the issuance of the $1.7 billion deal.
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The entities involved
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North Texas Tollway Authority
government agency
Nothing else this week.
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New Jersey
state of the United States of America