Navient is a U.S.-based company that provides student loan management and servicing, primarily for federal student loans, and offers related financial services.
Navient, a prominent American company specializing in education finance and student loan management, has an outstanding fixed-income offering identified by ISIN US78490FNN59 and CUSIP 78490FNN5. This USD-denominated obligation, issued in the United States, currently trades at 100% of its par value, reflecting its present market price. The bond carries an annual interest rate of 6%, with payments distributed semi-annually to bondholders, leading up to its maturity date of September 15, 2029. The total size of this particular bond issuance stands at $3,031,000, with a minimum investment threshold set at $1,000 per purchase. Assessing its credit risk, the bond has been rated B+ by Standard & Poor's (S&P) and Ba3 by Moody's, placing it within the speculative-grade category according to both major rating agencies.
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