© 2024 Arizent. All rights reserved.

State of Utah Plans $203M Student Loan ABS

The State Board of Regents of the State of Utah plans to issue $203.3 million of bonds backed by Federal Family Education Loan Program (FFELP) student loans.

RBC Capital Markets will underwrite the Series 2014-A notes, according to a preliminary offering document filed with the Securities and Exchange Commission.

The document did not disclose how the deal would be structured. The State Board of Regents of the State of Utah previously issued FFELP-backed student loan bonds in 2012 and 2011. The $518.7 million Series 2012-1 issued double-A rated notes and the $397 million Series 2011-A deal issued three, triple-A rated class A tranches.

Three FFELP-backed ABS deals have priced this year. According to ASR data, the Utah deal will bring issuance volume for 2014 up to $1.75 billion.

 

For reprint and licensing requests for this article, click here.
MORE FROM ASSET SECURITIZATION REPORT