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Derivatives and Investment Products

Kutak Rock lawyers have been at the forefront in the development and implementation of numerous types of investment products and derivative securities transactions, both as part of new bond issues and in conjunction with secondary market issues unrelated to the issuance of new bonds.

For more than 30 years, we have been deeply involved in the development of derivative municipal products used by financiers on Wall Street, including:

  • Tender option bonds
  • Interest rate swaps
  • Forward placements
  • Swaptions
  • Detachable calls
  • Leveraged floaters with embedded swaps and caps
  • Portfolio dumps
  • Coupon strips and single put transactions

We participate in and address all of the legal issues associated with transactions, including investment agreements, collateralized investment agreements, repurchase agreements, forward delivery agreements, put agreements, escrow float agreements and other structured transactions involving the sale of securities.

We provide the highly complex legal and structural analysis these products require in addition to addressing the distinct portfolio needs of various institutional purchasers. A particular strength in these areas is our group of nationally recognized tax lawyers.

Our broad experience in these practice areas enables us to help clients achieve the economic goals of the parties to the transactions in the most efficient and profitable manner possible.