Sallie Mae Sells FFELP Deal

10 Nov 2011

Sallie Mae has sold an $812 million securitization of consolidated Federal Family Education Loan Program student loans, SLMA 2011-3.

Sallie Mae has sold an $812 million securitization of consolidated Federal Family Education Loan Program student loans, SLMA 2011-3.

Joint leads JPMorgan and the Royal Bank of Scotland publicly placing the senior, seven-year tranche at 110 basis points over LIBOR.

There was also a junior $24 million bond that was ...

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