Student loan issuer Sallie Mae is in the market with its second deal in 2009 from its SLM Student Loan Trust.

The $1.8 million transaction, SLM Student Loan Trust 2009-2, is backed by FFELP loans and is led by Deutsche Bank Securities, RBS Securities and Credit Suisse. Co-managers on the offering are Banc of America Securities, RBS Capital Markets and JPMorgan Securities.

Sallie Mae came to market earlier this year with its first FFELP-backed $2.1 billion offering from the SLM Student Loan Trust . The deal was led by Barclays Capital, Deutsche Bank Securities and JPMorgan Securities.

Along with Sallie Mae, Nelnet also came to market with a $295 million transacation earlier this year called Nelnet Student Loan Trust 2009-1. The deal was also FFELP-backed and was a 144A transaction completed on March 26.

Preliminary details on SLM Student Loan Trust 2009-2 are available via the link below from the ASR Scorecard database.

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