US63938CAP32 · Corp · USD

Navient Corp 11.50% 2031/03

Navient CorpUnited StatesGLOBALSenior Unsecured
MID PRICE
107.07
par = 100
YIELD TO MAT.
9.64%
semi-annual
COUPON
11.500%
semi-annual · fixed
MATURITY
2031-03-15
bullet · 4.86y
OUTSTANDING
not disclosed
AS OF
2026-05-01
Fund disclosure

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA
About the issuer

Navient Corporation is an American financial services company and former student loan servicer based in Wilmington, Delaware. The company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient. The company employs 4,500 people at offices across the US. In 2018, Navient serviced a quarter of all student loans in the United States. In 2024, the company was barred from servicing federal student loans.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
3.66 y
1bp ↑ ≈ -0.037% P&L
Convexity
17.24
higher = more curvature
Years to maturity
4.86 y
YTM source
Ingested
Fund disclosure
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
iShares Broad USD High Yield Corporate Bond
iShares
US HY Corporate (Broad)$10.3M▲ $130K0.04%2026-05-01
iShares iBoxx $ High Yield Corporate Bond
iShares
US HY Corporate$6.9M▲ $11K0.04%2026-05-01
SPDR Bloomberg Short Term High Yield Bond
SPDR
US HY Corporate Short$5.1M▼ $10K0.11%2026-04-30
SPDR Portfolio High Yield Bond
SPDR
US HY Corporate Broad$4.6M▼ $9K0.04%2026-04-30
iShares 0-5 Year High Yield Corporate Bond
iShares
US HY Corporate 0-5Y$4.1M▼ $7K0.05%2026-05-01
SPDR Bloomberg High Yield Bond
SPDR
US HY Corporate$3.0M▼ $6K0.04%2026-04-30
SPDR Blackstone Senior Loan
SPDR
US Senior Loans$2.1M▼ $4K0.04%2026-04-30
iShares ESG Advanced High Yield Corporate Bond
iShares
US ESG Advanced HY$223K▼ $930.11%2026-05-01
iShares Interest Rate Hedged High Yield Bond
iShares
US IR Hedged HY$191K▲ $3K0.04%2026-05-01
iShares Core 1-5 Year USD Bond
iShares
US Short-Term Core$190K▼ $800.00%2026-05-01
iShares Global High Yield Corporate Bond
iShares
Global HY Corporate$54K▼ $990.03%2026-05-01
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Price history

Sherpa Signal

AS OF 2026-05-01

Institutional footprint · signal-level holdings

41/ 100Active coverage
Interpretation. Light institutional footprint, with net distribution
HOLDERS
11
▼ 4 signals in 7d
AGGREGATE EXPOSURE
$36.7M
USD across all
TOP CONCENTRATION
28.0%
largest holder
FLOW
▼ $12.7M
▼ 4 signals in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
107,070 USD
PRICE
107.07

RFQ routing · coming soon

Security details

VIA OPENFIGI
Canonical
NAVI 11 1/2 03/15/31
FIGI
BBG01JZHFGM5
CUSIP
63938CAP3
ISIN
US63938CAP32
Type
Corp
Issued
2023-11-03
Face value
100 USD
Ticker
NAVI 11.5 03/15/31
Sec. type
GLOBAL
Seniority
Senior Unsecured

Issuer curve

NAVI · 9 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.