Higher Education Loan Authority of Missouri plans $1.08 billion asset-backed note sale

By Sheri Kasprzak

New York, Jan. 13 - The Higher Education Loan Authority of the State of Missouri is expected to bring to market $1,078,423,000 in series 2010-1 student loan asset-backed Libor floating-rate notes, according to a preliminary official statement.

The notes (/AAA/AAA) will be sold through senior managers Bank of America Merrill Lynch and Morgan Stanley & Co. Inc.

The maturity dates have not been set.

Proceeds will be used to fund student loans throughout the state.

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