The deadline has been extended to negotiate a settlement on a $207.6 million swap agreement between UBS Securities LLC and the Massachusetts Turnpike Authority as it seeks to avoid paying a swap termination fee to the investment bank.

Massachusetts, which is conducting the negotiations on MassPike’s behalf, now has until Oct. 2 to reach a solution involving the floating- to fixed-rate derivative attached to Series 1997A senior bonds, said Cyndi Roy, spokeswoman for the Executive Office of Administration and Finance. The prior deadline was Sept. 11.

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