Nelnet intends to redeem various student loan asset-backed notes

By Tali Rackner

Norfolk, Va., Feb. 10 – Nelnet Education Loan Funding plans to redeem student loan asset-backed notes following tender offers, according to multiple notices.

The following will be redeemed on Feb. 25:

• $3,127,000 of senior class 2004-2A-4 Libor rate notes; and

• $200 million of senior class 2004-2A-5A reset-rate notes.

The following will be redeemed on Feb. 20:

• $68.05 million of senior class 2004-2A-5B auction-rate notes;

• $68.05 million of senior class 2004-2A-5C auction-rate notes;

• $15.3 million of subordinate class 2004-2B-1 auction-rate notes; and

• $15.3 million of subordinate class 2004-2B-2 auction-rate notes.

The notes will be redeemed at par plus accrued interest to the redemption dates.

Wells Fargo Bank, NA is the indenture trustee.

Nelnet provides education planning and financing and is based in Lincoln, Neb.

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