The State of Board of Regents in the State of Utah is issuing a $436.1 million student loan-backed deal, according to a preliminary official statement from the agency released today.

The sole book runner on the three-tranche offering that comprises taxable LIBOR-indexed notes is RBC Capital Markets. Bank of America Merrill Lynch and UBS are co-managers on the offering.

The structure features an A-1 Class worth $203.5 million; A-2 Class $140; and A-3 Class $92.6 million.

For a complete copy of the preliminary statement, please access the link below.

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