Oklahoma Student Loan Authority to sell $213.5 million notes, bonds

By Sheri Kasprzak

New York, March 31 - The Oklahoma Student Loan Authority is set to price $213.5 million of series 2011-1 taxable Libor Oklahoma student loan bonds and notes, according to a preliminary official statement.

The bonds (/AAA/AAA) will be sold through Merrill Lynch.

The maturity date is June 1, 2040.

Proceeds will be used to acquire eligible student loans from lenders or holders in the authority's network, as well as to refund the authority's series 2008I-A1 variable-rate bonds.

Based in Oklahoma City, the authority provides and services student loans.

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