Rhode Island Student Loan Authority sells latest SLABS deal

By Sasha Padbidri
10 Apr 2017

A tax exempt student loan ABS deal issued by the Rhode Island Student Loan Authority was priced on Friday, with a large real money account said to be a major investor in the transaction.

The $50.255m single tranche deal was priced to yield 3.766%, with Bank of America Merrill Lynch as the sole lead. The transaction was backed by fixed-rate private loans from the Risla program made to current students.

A source familiar with the deal said that Vanguard was one of ...

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