SLM Corp., commonly known as Sallie Mae, was founded in 1972 and is headquartered in Newark, Delaware. The company focuses on providing educational finance solutions, primarily through student loans and related products.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SLM 3.13% 2026-11-02 USDSLM Corp. | United States | 2026-11-02 | 3.125 | 4.79 |
| SLM 4.20% 2025-10-29 USDSLM Corp. | United States | 2025-10-29 | 4.200 | 4.15 |
| SLM 6.00% 2029-03-15 USDSLM Corp. | United States | 2029-03-15 | 6.000 | 7.05 |
| SLM 6.50% 2030-01-31 USDSLM Corp. | United States | 2030-01-31 | 6.500 | 5.32 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
SLM Corp. began issuing bonds in the early 1980s to fund its student loan programs. In 2022, the company made headlines with a significant $500 million bond issuance to refinance existing debt and reduce interest expenses. Currently, SLM bonds yield around 4.5%, which is competitive compared to the industry average. Notable bond features include the option for early redemption and a favorable investment-grade rating, reflecting the company's strong financial position and commitment to managing debt efficiently.