Kentucky Higher Education Student Loan to sell $224.92 million bonds

By Sheri Kasprzak

New York, June 10 - The Kentucky Higher Education Student Loan Corp. is set to price $224.915 million in series 2010-1 three-month Libor floating-rate student loan revenue bonds, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold on a negotiated basis with Bank of America Merrill Lynch as the senior manager.

The sale includes $75.05 million in class A-1 bonds, which are due May 1, 2020, and $149.865 million in class A-2 bonds, which are due May 1, 2034.

Proceeds from the sale will be used to finance student loans to qualified individuals.

Based in Louisville, the corporation makes, finances, services and collects student loans.

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