Navient prices rehabbed FFELP ABS deal

Student loan servicer Navient priced its second Federal Family Education Loan Program (FFELP) student loan ABS of 2017 on Thursday.

  • By Sasha Padbidri
  • 15 Mar 2017

JP Morgan,Bank of America Merrill Lynch and Credit Suisse priced the $921.4m single tranche deal at 105bp over one month Libor.

The collateral consists of rehabilitated FFELP loans, which are loans that have previously defaulted and have subsequently been ...

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2 Rabobank 12.61
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1 Bank of America Merrill Lynch 18,561.02 56 11.69%
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3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%