Educational Funding of the South calls $968 million student loan bonds

By Tali David

Minneapolis, May 9 - Educational Funding of the South, Inc. will redeem $968 million of its student loan asset-backed bonds, according to a redemption notice.

The bonds will be redeemed at par plus accrued interest on May 22.

The bonds have maturity dates in 2021, 2027, 2029, 2031 through 2033, 2035, 2037 and 2038.

Wells Fargo Bank, NA is the trustee.

Educational Funding of the South is a Knoxville, Tenn.-based a nonprofit corporation that promotes access to higher education by acquiring postsecondary education loans.

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