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Arkansas Student Loan to price $267.5 million floating-rate notes
By Sheri Kasprzak
New York, Aug. 20 - The Arkansas Student Loan Authority is set to price $267.5 million in series 2010-1 student loan asset-backed Libor floating-rate notes, according to a preliminary official statement.
The notes (Aaa//AAA) will be sold through RBC Capital Markets Corp. and Bank of America Merrill Lynch.
The notes are due Nov. 25, 2043.
Proceeds will be used to finance student loans.
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