Missouri Higher Education Loan plans to sell $970.8 million floaters

By Sheri Kasprzak

New York, May 1 - The Higher Education Loan Authority of the State of Missouri plans to price $970.8 million of series 2013-1 student loan asset-backed Libor floating-rate notes, according to a preliminary official statement.

The notes (/AA+(sf)/AAAsf) will be sold through senior manager Morgan Stanley & Co. LLC.

The notes are due June 25, 2032.

Proceeds will be used to finance student loans to qualified Missouri residents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.