Sallie Mae has 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.