Sallie Mae's latest tender to cover up to $650 million equivalent of euro and sterling notes

By Jennifer Chiou

New York, Nov. 8 - SLM Corp. (Sallie Mae) will purchase up to about $650 million total of certain series of its euro- and sterling-denominated notes in the tender offer launched on Wednesday, according to a 10-Q filing with the Securities and Exchange Commission.

The company did not specify how many tenders have been received thus far as holders still have through noon ET on Nov. 11 to submit their notes.

The 10-Q added that total Sallie Mae repurchases for the nine months ended Sept. 30, including tender offers, were $3.6 billion and resulted in gains of $199 million.

Sallie Mae provides saving- and paying-for-college programs and is based in Reston, Va.

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