Navient priced its upsized, $1 billion Federal Family Education Loan Program (FFELP) securitization.

The deal, called NAVSL 2014-8, began marketing last week and was upsized by $258 million on investor demand. Navient sold the 6.3-year senior bond at a spread of 60 basis points over one-month Libor, according to an Interactive Data report. DBRS rated the notes ‘AAA.’ 

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