By Sheri Kasprzak
New York, July 11 - The Higher Education Loan Authority of the State of Missouri priced $576.8 million of series 2011-1 student loan asset-backed Libor floating-rate notes, according to an official statement.
The notes (AAA/AAA) were sold through Morgan Stanley & Co. Inc.
The notes are due June 25, 2036 and bear interest at three-month Libor plus 85 basis points priced at 99.168.
Proceeds will be used to acquire student loans.
| Issuer: | Higher Education Loan Authority of the State of Missouri
|
| Issue: | Series 2011-1 student loan asset-backed Libor floating-rate notes
|
| Amount: | $576.8 million
|
| Maturity: | June 25, 2036
|
| Coupon: | Three-month Libor plus 85 bps
|
| Price: | 99.168
|
| Type: | Negotiated
|
| Underwriter: | Morgan Stanley & Co. Inc.
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | July 8
|
| Settlement date: | July 19
|
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