Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds
Published Dec 27, 2011
1279 words — Published Dec 27, 2011
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs) series DBE-602, respectively, relating to custodial receipts series DBE-602, relating to San Antonio, Texas' electric and gas systems revenue and refunding bonds series 2007. The initial SPA shall provide for the payment of the tender price of the variable certificates (SPEARs), which includes the stated amount of and interest on unremarketed variable certificates bearing interest at the daily and weekly rates. The SPA shall terminate on Jan. 1, 2013, the stated expiration date. At such time, if the SPA has not been extended or an alternate liquidity facility has not

  
Brief Excerpt:

RESEARCH Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Publication date: 27-Dec-2011 Primary Credit Analyst: Dare Branch, Chicago (1) 312-233-7034;...

  
Report Type:

Summary

Ticker
2870Z
Issuer
San Antonio
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds" Dec 27, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-602-Custodial-Receipts-Residual-Certificates-Tender-Option-Certificates-Bonds-924929>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Dec 27, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-602-Custodial-Receipts-Residual-Certificates-Tender-Option-Certificates-Bonds-924929>
  
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