New Issue-Nelnet prices $466 mln in student-loan ABS

Newswire

NEW YORK, Aug 22 (Reuters) -Nelnet , a student loan finance company, priced a $466 million in asset-backed securities supported by federally backed student loans it funded, a source close to the deal said on Monday. The two triple-A tranches, one for $255.7 million and the other for $210 million, priced at 10 basis points over three-month Libor. Credit Suisse First Boston and Deutsche Bank Securities were the joint lead underwriters.

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