Kentucky Higher Education Student Loan intends to price $224.92 million revenue bonds Thursday

By Sheri Kasprzak

New York, June 11 - The Kentucky Higher Education Student Loan Corp. is expected to bring to market $224.915 million in series 2010-1 three-month Libor floating-rate student loan revenue bonds on Thursday, according to a sales calendar.

The offering includes $75.05 million in class A-1 bonds and $149.865 million in class A-2 bonds.

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

The class A-1 bonds are due May 1, 2010, and the class A-2 bonds are due May 1, 2034.

Proceeds will be used to finance student loans to qualified individuals.

Based in Louisville, the corporation provides loans to qualified students.

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