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Sallie Mae Shocks Bondholders in Asset Strip: Corporate Finance – Bloomberg

Sallie Mae Shocks Bondholders in Asset Strip: Corporate Finance
Bloomberg
The company's $ 1 billion of 5.5 percent notes due January 2023 fell 2.88 cents to 96.3 cents on the dollar yesterday, the biggest drop since they were issued in January, according to Trace, the bond-price reporting system of the Financial Industry

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