Sallie Mae Sells Residual Interest in Three Federally Guaranteed Student Loan Trusts
June 13, 2013 at 16:31 PM EDT
Sallie Mae (NASDAQ: SLM ), formally SLM Corporation, today announced the creation of the SLM Student Loan EDC Repackaging Trust 2013-M1. Through this trust, Sallie Mae sold at face value $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5 percent coupon rate. The sale
