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>Port Authority settles swap for $60M


Port Authority settles swap for $60M

The Port Authority of New York and New Jersey announced today it has settled a swap transaction that was terminated by BNP Paribas, the investment bank on the other side of the transaction, for $60.3 million.
The payment the PANYNJ will make to Paribas is about $6.7 million less than the agency had anticipated.  (Isherwood, PolitickerNJ)

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