Navient Corporation 4.875% 15-MAR-2028Navient Corporation 4.875% 15-MAR-2028Navient Corporation 4.875% 15-MAR-2028

Navient Corporation 4.875% 15-MAR-2028

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Key terms


Outstanding amount
‪500.00 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
4.88% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
6.23%
Maturity date
Mar 15, 2028
Term to maturity
2 years

About Navient Corporation 4.875% 15-MAR-2028


Sector
Finance
Industry
Finance/Rental/Leasing
Home page
Issue date
Feb 2, 2021
ISIN
US63938CAL28
FIGI
BBG00Z2XW5D6
Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing, and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded in 1973 and is headquartered in Herndon, VA.

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