Loan provider SLM to sell bonds to small investors

Newswire

By Jonathan Stempel NEW YORK, Jan 28 (Reuters) - SLM Corp., the largest U.S. provider of student loans, said on Tuesday it plans to begin selling up to $2 billion of bonds directly to individuals. The Reston, Virginia-based company, which changed its name last year from USA Education Inc. and is best known as Sallie Mae, joins roughly two dozen companies selling bonds directly to retail investors. Sales of such bonds, many from such brand-name issuers as General Electric Co. and ...

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