DALLAS - The Oklahoma Turnpike Authority has replaced insurance from XL Capital Assurance Inc. on $530.8 million of variable-rate refunding bonds issued in 2006 with a one-year standby bond purchase agreement provided by a group of three banks.

The substitute liquidity facility will be provided by Lloyds TSB Bank PLC, which is serving as agent bank operating through its New York branch; Fortis Bank SA/NV, acting through its Connecticut branch; and Banco Bilbao Vizcaya Argentaria SA, acting through its New York branch.

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