DALLAS – The Oklahoma Turnpike Authority may pay higher borrowing costs on a $420 million sale of toll revenue bonds because of the surge in bond yields since the deal was sidelined last month pending state Supreme Court validation.

"Rates have moved about 50 or 60 basis points" higher since the Nov. 9 election of President-elect Donald Trump, according to Wendy Smith, finance director for OTA.  "We do wish we could have gotten it done before then."

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