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Sallie Mae Raises $2B In Debt Issue

Sallie Mae has raised $2 billion in a sale of notes.

Sallie Maehas raised $2 billion in a sale of notes, Reuters reports. The mortgage lender appointed Bank of America Merrill Lynch, Deutsche Bank and JP Morgan as the joint bookrunning managers for the deal.

The notes carry a coupon rate of 6.25% and are due to mature on Jan. 15, 2016. Sallie Mae raised $1.5 billion in a sale of 8%, 10-year notes in March 2010, adds Bloomberg.

Click here for the story from Reuters.

Click here for additional coverage from Bloomberg.

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