Bond NaviCorp 6% ( US78490FLY33 ) in USD

Issuer NaviCorp
Market price refresh price now   92.25 %  ▲ 
Country  United States
ISIN code  US78490FLY33 ( in USD )
Interest rate 6% per year ( payment 2 times a year)
Maturity 15/06/2029



Prospectus brochure of the bond Navient US78490FLY33 en USD 6%, maturity 15/06/2029


Minimal amount 1 000 USD
Total amount 3 579 000 USD
Cusip 78490FLY3
Standard & Poor's ( S&P ) rating BB- ( Non-investment grade speculative )
Moody's rating Ba3 ( Non-investment grade speculative )
Next Coupon 15/12/2025 ( In 106 days )
Detailed description Navient is a U.S.-based company that provides student loan management and servicing, primarily for federal student loans, and offers related financial services.

This analysis provides a comprehensive overview of a specific debt instrument issued by Navient, a prominent American corporation centrally involved in the U.S. student loan servicing and asset management industry. Navient was established from the split of Sallie Mae and plays a significant role in the higher education finance landscape by managing and collecting on a substantial portfolio of both federal and private education loans, in addition to providing various asset management and business processing solutions. The subject bond, identifiable by its ISIN US78490FLY33 and CUSIP 78490FLY3, is a fixed-income security denominated in USD, offering investors a stated annual interest rate, or coupon, of 6%, with payments distributed semi-annually. This particular issuance has a total size of $3,579,000, with a minimum purchase amount set at $1,000, and is slated for maturity on June 15, 2029. Currently trading on the market at 92.25% of its par value, the bond's discount pricing indicates a yield to maturity that exceeds its nominal coupon rate. From a credit risk perspective, this US-issued bond has received ratings from leading agencies: Standard & Poor's assigns a BB- rating, while Moody's provides a Ba3 rating. Both classifications place the debt instrument within the "speculative grade" or "high-yield" category, signifying a higher degree of credit risk compared to investment-grade securities. This risk profile is intrinsically linked to Navient's business model and the broader dynamics of the student loan sector, which can be influenced by legislative changes, economic cycles, and borrower repayment behavior, offering a specific risk-return profile for investors within the financial services sector.







http://www.sec.gov/Archives/edgar/data/1032033/000104746904015559/a2135743z424b3.htm
424B3 1 a2135743z424b3.htm 424B3
SLM Corporation
Medium Term Notes, Series B

With Maturities of 9 Months or More from Date of Issue
Registration No. 333-90316


Filed Pursuant to Rule 424(b)(3)
Trade Date: 5/3/2004
Pricing Supplement No. 262

Issue Date: 5/6/2004
(To Prospectus dated January 23, 2003 and
Prospectus Supplement dated January 23, 2003)
The date of this Pricing Supplement is 5/3/2004
Subject to






Interest Payment

Redemption


Stated
Interest
Price
Date and
Aggregate
Rate
Maturity
to
Discounts &
First
Survivor's Yes/
Net
OID
CUSIP
Frequency
terms of
Principal

Per

Date Public Commissions
Payment Option No
Proceeds Status
Annum
redemption Amount
(2)(3)
(1)
78490FLY3
6.000%6/15/2029
100%
2.250%
Semi 12/15/04
No Yes Callable at 3,579,000 3,498,472.50
N
100% on
6/15/2009
and
continuously
thereafter
with 20 days
notice.
Effective April 7, 2003 the name of Salomon Smith Barney Inc., an agent of the program, was changed to Citigroup Global Markets Inc.
(1)
The interest rates on the Ed Notes may be changed by SLM Corporation from time to time, but any such change will not affect the interest
rate on any Ed Notes offered prior to the effective date of the change.
(2)
Expressed as a percentage of aggregate principal amount.
(3)
See "Supplemental Plan of Distribution" in the Prospectus supplement for additional information concerning price to public and
underwriting compensation.
http://www.sec.gov/Archives/edgar/data/1032033/000104746904015559/a2135743z424b3.htm (1 of 2)5/4/2004 12:37:05 PM


http://www.sec.gov/Archives/edgar/data/1032033/000104746904015559/a2135743z424b3.htm
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