Nelnet prices SLABS as FFELP spreads grind tighter

fotolia_college_loans
By Sasha Padbidri
25 Jul 2017

Student loan servicer Nelnet priced a Federal Family Education Loan Program (FFELP) securitization to new tights on Tuesday, reflecting strong demand for the bonds despite headwinds in the sector.

Citi and RBC Capital Marketspriced the $399.39m single tranche deal at 77bp over one month Libor, lower than the 78bp over on its May issuance, and the 80bp on its 2016 deal.

FFELP ABS, which has been dwindling in supply since the programme ended in 2010, ...

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