Missouri Higher Education Loan Authority prepares $256.4 million sale of Libor student loan notes

By Sheri Kasprzak

New York, April 27 - The Higher Education Loan Authority of the State of Missouri plans to price $256.4 million of series 2012-1 one-month Libor floating-rate student loan asset-backed notes, said a preliminary official statement.

The notes (/AA+/AAA) will be sold on a negotiated basis via Morgan Stanley & Co. LLC as the underwriter.

The notes are due Dec. 26, 2025.

Proceeds will be used to finance student loans.

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