The Mississippi Higher Education Assistance Corp. (MHEAC) has priced its $397 million student loan securitization, offering two classes of Series 2014 notes, according to an offering document.

The $387 million of Class A notes, rated ‘AAA/AA+’ by Fitch Ratings and Standard & Poor’s respectively, and maturing in October 2035 priced at a spread of 68 basis points over one-month Libor.  The $10 million of unrated Class B-1 notes maturing in May 2044 priced at 100 basis points over one-month Libor.

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