April 17, 2015
Sallie Mae Bank to Securitize Private Education Loans; Prices Residual Interest in Asset-Backed Securitization Trust | Business Wire
Sallie Mae Bank to Securitize Private Education Loans; Prices Residual Interest in Asset-Backed Securitization Trust
April 17, 2015 04:55 PM Eastern Daylight Time
NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae, formally SLM Corporation (NASDAQ: SLM), today announced an affiliate of its Sallie Mae Bank subsidiary has formed SMB Private Education Loan Trust 2015-A to hold a beneficial interest in approximately $753 million of Sallie Mae Bank-originated, -owned and -serviced Smart Option Student Loans, and to issue $704 million of notes and the Trust's …