Iowa Student Loan tenders for up to $88 million in auction-rate bonds

By Devika Patel

Knoxville, Tenn., April 27 - Iowa Student Loan Liquidity Corp. announced that it will tender for up to $88 million of its auction-rate bonds.

On April 5, the corporation offered to buy up to $50 million of the bonds, but it increased the tender ceiling on Tuesday to $88 million.

Wells Fargo Bank, NA is the trustee. Samuel A. Ramirez & Co., Inc. is the dealer manager.

Based in West Des Moines, Iowa, Iowa Student Loan Liquidity is a nonprofit organization that helps Iowa students and families obtain the resources necessary to succeed in postsecondary education.

© 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.