Sallie Mae said on Thursday announced the sale of $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5% coupon rate via its SLM Student Loan EDC Repackaging Trust 2013-M1.

The issuer announced the deal in April but pulled it because of the wider bids on the bonds, according to several market reports. Sallie Mae was offering the bonds two months ago at the 3.5% coupon rate.

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