Sallie Mae priced its $995.8 million SLM Student Loan Trust 2013-5 that is backed by student loans that are reinsured by the U.S. Department of Education for at least 97% of defaulted and accrued interest.

The deal was upsized on Thursday from $747 million. The class A-1, triple-A rated notes priced at 26 basis points over the one-month Libor, according to a pricing document filed with the Securities and Exchange Commission.

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