Cabco Series 2004-102 Trust (sbc Communications Inc.) CTF FLT RATE
GYC
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Germany
- IPO Date
- Nov 21, 2005
- Similar Companies
- Business
- Cabco Series 2004-102 Trust (SBC Communications Inc.) operates as a Delaware statutory trust that issues collared floating rate callable certificates backed by corporate debt securities. The Trust's primary assets consist of $32,500,000 principal amount of 6.450% Global Notes due June 15, 2034 issued by SBC Communications Inc., along with all related payments and collections due on or after December 15, 2004; rights under a swap agreement dated December 15, 2004 with UBS AG as swap counterparty; and quarterly distributions to certificateholders allocable to interest at a floating rate, such as 5.1413% per annum as reported in early distributions. The certificates, traded under ticker GYC on the NYSE, represent beneficial interests in the Trust and do not constitute obligations of the depositor, Corporate Asset Backed Corporation, or trustee, U.S. Bank Trust National Association. Established pursuant to a Trust Agreement dated December 15, 2004, the Trust maintains its principal executive offices at 445 Broad Hollow Road, Suite 239, Melville, New York 11747. It functions within the asset-backed securities industry (SIC 6189), targeting institutional investors seeking exposure to investment-grade corporate notes through structured finance products with swap-enhanced floating rate returns. No major strategic changes, acquisitions, partnerships, funding rounds, product launches, or reorganizations have been reported for the Trust in the last 1-2 years; it continues routine quarterly distributions, with the most recent filings confirming ongoing stability as of December 2020 and active trading at approximately $25.05 per share in late 2025.