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Kentucky Higher Education to price $566.5 million asset-backed note
By Sheri Kasprzak
New York, Jan. 28 - The Kentucky Higher Education Student Loan Corp. is expected to come to market with $566.5 million of series 2013-1 student loan asset-backed notes, according to a preliminary official statement.
The notes (/AA+(sf)/AAA(sf)) will be sold through senior manager Bank of America Merrill Lynch with Morgan Stanley & Co. LLC as the co-manager.
The notes are due June 1, 2026.
Proceeds will be used to retire all debt under a 2010 funding note purchase agreement and to cancel and redeem certain bonds under a 2008 indenture.
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