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NorthStar Student Loan Trust II, Minn., plans $98.7 million adjustable-rate student loan bonds
By Sheri Kasprzak
New York, Oct. 19 - The NorthStar Student Loan Trust II of Minnesota plans to price $98.7 million of series 2012A adjustable-rate student loan bonds, according to a preliminary official statement. The bonds will be sponsored through NorthStar Education Finance Inc. with NorthStar Capital Markets Services Inc. as the administrator and master servicer.
The bonds (/AA-/A-1+/AA/F1+) will be sold through RBC Capital Markets LLC.
The bonds are due Oct. 1, 2042.
Proceeds will be used to make student loans.
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