Risks around the Libor transition and a persistent stream of debt cancellation proposals continue to put pressure on student loan ABS spreads. Last week, secondary spreads widened again for both Family Education Loan Program (FFELP) loans and private student loan ABS.
The concerns did not stop several issuers coming to the market with new issues last week. Four deals were priced, including two from Navient and one each from Nelnet and Educational Services of America. It was the first time this year that more than two deals from the
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