Brazos Higher Education Service Corp. is looking to make an impact in the student-loan sector by breaking into new structures and innovations in the asset-backed market, said Murray Watson, president of the company.

Brazos is planning to come to market at the end of the second quarter with a $400 million transaction backed by a mixed pool of student loans. The deal, expected to be managed by Salomon Smith Barney, will mark the first time that the company securitizes alternative loans.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.