Navient is contemplating another securitization of federally guaranteed student loans to borrowers who were once in arrears but are now making timely payments.

In a conference call Wednesday to discuss second-quarter financial results, company executives said that a second transaction would be similar in size the first deal, completed in June; it issued $520 million of triple-A rated notes from that deal. They did not disclose pricing on the securities, but indicated that they would expect the spread over the Libor benchmark to be narrower than that on the June transaction.

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