EFS Volunteer is in the market with a $227.9 million transaction. The offering is backed by FFELP.
Preliminary details on the deal are available via the link below via the ASR Scorecards database.
Uncertain economic impact from government actions could drive disruptions
The transaction will free up as much as $500 million for loans in Latin America and the Caribbean to help alleviate poverty and protect the environment.
Spreads are expected to come in ranging from 15 basis points over the 3M I-Curve on the A1 notes to 160 bps over the benchmark on the class D notes.
New originations amounted to about $64.4 billion through March 31, a 49.7% drop from last year's production by the ASR's estimation.
Some sponsors are selling only AAA or investment grade ABS and retaining the riskier assets, as one way to cope with escalating interest rates.