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Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Dec 11 Product Image

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-602; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Dec 11

  • Published: December 2011
  • Standard & Poors

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...

Companies mentioned in this report are: San Antonio,Deutsche Bank Securities Inc Rcpts
Action: New Rating

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San Antonio,Deutsche Bank Securities Inc Rcpts

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