Sallie Mae will issue a $976 million securitization of private student loans.
Moody's Investors Service has assigned a provisional ratings of 'Aaa' to three classes of senior notes to be issued under SLM Private Education Loan Trust 2012-E. The capital structure includes two tranches of floating rate notes and one fixed rate tranche.
The deal will be sold in the 144A market. Sallie Mae last came to market in July this year with a $640mn deal.