The Student Loan Corp. is in the market with a FFELP-backed student loan transaction. Citigroup Global Markets is the lead manager on the deal.

The deal’s co-managers are JPMorgan Securities, Morgan Stanley, and Credit Suisse.

The transaction is backed by FFELP consolidation student loans that were either originated or acquired by SLC before being sold into the trust. The class A notes will be structured as either a passthrough note, or as three tranches A1, A2, and A3 that are paid in sequential order. The loans were deemed high quality by Fitch Ratings, the rating agency said in a presale report released today.

Preliminary details on the offering are available via the link below through the ASR Scorecards database.

In other student loan deal news, according to Bloomberg, Bank of America Corp. is planning to sell $1.23 billion SLABS, citing a source familiar with the deal. The loans will be government-guaranteed. Meanwhile, Bloomberg also said that Sallie Mae is now marketing a $1.7 billion deal backed by private loans, citing a person close to the situation.

Separately, Morgan Stanley filed a form S-3 with the Securities & Exchange Commission to possibly issue CMBS. To access the filing, please click on this link.



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