US ABS gets boost as Google emerges as new investor

Newswire

By Shankar Ramakrishnan NEW YORK, July 25 (IFR) - US companies have joined the global race for investment alternatives to low-yielding US Treasuries. Sources said cashed-up Google Inc had participated in at least two benchmark securitisation transactions in the last few weeks, putting up sizeable amounts for notes across all tranches in a rare instance of a US corporate giant buying structured notes. "Many companies are wary of letting the world ...

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