Sallie Mae Jumps on Reports of Benchmark Note Pricing Later Today (SLM,BCS,BAC,JPM)
Wednesday, March 17, 2010 - 10:58
Written on Wed, 03/17/2010 - 10:58am
By Chip Brian

3/17/2010-Shares of SLM (NYSE:SLM), known as Sallie Mae, are trading 1.2% higher to $12.50 Wednesday after Dow Jones reported that the company is in the market with a benchmark note, citing a person familiar with the matter.
The 10-year bond is a senior unsecured note and is likely to price later today.
Proceeds will be used for general corporate purposes.
Barclays Capital (NYSE:BCS), Bank of America (NYSE:BAC) and JP Morgan Chase (NYSE:JPM) are joint leads on the deal.

Keywords: sallie mae Benchmark note pricing

Ticker(s): SLM BCS BAC JPM

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