Sallie Mae is in the market with a FFELP-backed student loan ABS with Bank of America Merrill Lynch serving as lead manager. RBS Securities is co-manager on the $760.4 million offering.

According to a Moody's Investors Service presale report, SLM Student Loan Trust 2010-2 is the second FFELP ABS where Sallie Mae has issued subordinate notes since its 2008-9 deal.

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