Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds
Published Apr 04, 2014
Published Apr 04, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Deutsche Bank Securities Inc.'s series DB-1293 short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, relating to Poway Unified School District School Facilities Improvement District No. 2007-1, Calif.'s series B general obligation bonds, (election of 2008) capital appreciation bonds. Zero coupon/discount bonds can be deposited into this trust. Bond issuance occurs on a schedule in conjunction with each interest payment date. The transaction documents provide that the liquidity facility will be increased as needed to cover the potential increase in the floater certificate's aggregate outstanding value. The long-term component of the ratings on the SPEARs and LIFERs is based on the 'AA-' rated

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds" Apr 04, 2014. Alacra Store. Oct 19, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DB-1293-Residual-Certificates-Tender-Option-Certificates-Bonds-1290667>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DB-1293; Residual Certificates; Tender Option Certificates/Bonds Apr 04, 2014. New York, NY: Alacra Store. Retrieved Oct 19, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DB-1293-Residual-Certificates-Tender-Option-Certificates-Bonds-1290667>
  
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