By Sheri Kasprzak
New York, June 17 - The Kentucky Higher Education Student Loan Corp. sold $224.865 million in series 2010-1 three-month Libor floating-rate student loan revenue bonds (/AAA/AAA), according to a pricing sheet.
The sale included $75 million in class A-1 bonds, which are due May 1, 2020, and $149.865 million in class A-2 bonds, which are due Nov. 1, 2039. Both bonds priced at three-month Libor.
Bank of America Merrill Lynch was the senior manager.
Proceeds will be used to finance student loans to qualified individuals.
| Issuer: | Kentucky Higher Education Student Loan Corp.
|
| Issue: | Series 2010-1 three-month Libor floating-rate student loan revenue bonds
|
| Amount: | $224.865 million
|
| Type: | Negotiated
|
| Underwriter: | Bank of America Merrill Lynch
|
| Ratings: | Standard & Poor's: AAA
|
| Fitch: AAA
|
| Pricing date: | June 17
|
| Settlement date: | June 23
|
|
|
| Class A-1
|
| Maturity | Type | Coupon | Price
|
| May 1, 2020 | Term | Three-month Libor | Par
|
|
|
| Class A-2
|
| Maturity | Type | Coupon | Price
|
| Nov. 1, 2039 | Term | Three-month Libor | Par
|
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