CHICAGO — The Minnesota Office of Higher Education will price $375 million of new-money and refunding adjustable rate student loan program bonds Tuesday.

The deal is broken into two tranches, an A series for $66.8 million of taxable bonds and a B series for $308.2 million of bonds subject to the alternative minimum tax. The rates will be reset weekly although the office can convert the bonds to an alternative rate.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.