NY's MTA Mulls Replacing Build America Bonds With Lower-Cost Debt

(Bloomberg) -- New York’s Metropolitan Transportation Authority is considering refunding at least a portion of its $3.73 billion of taxable Build America Bonds into tax-exempt debt, even as some investors push back against such transactions.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthOne of the Last Big Bears on Wall Street Turns Bullish

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