The State Board of Regents of the State of Utah will issue a $518.7 million, taxable student loan-backed securitization.

The deal, Series-2012-1, is backed by loans that are at least 97% federally reinsured by the U.S. federal government. RBC Capital Markets is underwriting the deal that has an  expected closing date of  Oct. 18, 2012.  

Standard & Poor's have assigned a preliminary 'AA+' rating to the bond that will be priced over the one month Libor.

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