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CDOT refinances bonds, refunds $106M

The state Department of Transportation refunded nearly $106 million of the transportation revenue bonds it issued in 2004 to accelerate projects across the state. The money was available when CDOT refinanced the bonds, which have an average interest rate of 1.42 percent. The interest on the original bonds ranged from 3.6 percent to 3.7 percent… Continue Reading CDOT refinances bonds, refunds $106M