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Stock impact report

Sallie Mae Successfully Prices First Student Loan ABS of the Year [Yahoo! Finance]

SLM Corporation (SLM) 
Last slm corporation earnings: 4/22 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: salliemae.com/about/investors
Company Research Source: Yahoo! Finance
first student loan asset-backed securities (ABS) transaction of the year by Sallie Mae Bank. The $618 million transaction was met with robust investor demand following its formal announcement earlier this week, resulting in broad distribution across a diverse institutional investor base. Investor engagement throughout the marketing process validated the continued attractiveness of seasoned private education loan assets supported by Sallie Mae's underwriting, servicing, and performance track record. The transaction's pricing strength underscores the demand for high-quality collateral even in volatile market conditions. "This transaction demonstrates strong investor demand, confidence in our private student loans, and in our credit performance funding strategy," said Pete Graham, Chief Financial Officer, Sallie Mae. "Achieving tighter pricing than our last on-balance sheet ABS deal despite ongoing market dislocation underscores the strength of our platform, and the durability of stu Show less Read more
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