Salomon Makes Unrated Debt Into Derivative ROCs and ROLs

Maurice, Alex
May 2001
Bond Buyer;05/29/2001, Vol. 336 Issue 31148, p1
Trade Publication
Reports on the move of Salomon Brothers Holding Co. to issue synthetic derivatives worth more than a hundred million dollars. Use of unrated hospital bonds which are artificially raised to investment grade because of a credit enhancement agreement; Description of the tax-exempt derivatives as puttable variable-rate securities.


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