Oklahoma Student Loan Authority to price $232 million bonds and notes

By Sheri Kasprzak

New York, Sept. 24 - The Oklahoma Student Loan Authority is set to sell $232 million of series 2010A student loan bonds and notes (/AAA/AAA) through Bank of America Merrill Lynch on Thursday, said a sales calendar.

The sale includes $132.545 million of series 2010A-1 tax-exempt Libor floating-rate bonds and $99.455 million of series 2010A-2 tax-exempt non-AMT Libor floating-rate bonds.

The 2010A-1 bonds are due Sept. 3, 2024, and the 2010A-2 bonds are due Sept. 4, 2040.

Proceeds will be used to refund the authority's series 1996 bonds and fund the initial specified debt service reserve balance.

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