Google Drives Into Auto ABS

26 Jul 2012

Google has tapped its stockpile of cash to invest large chunks of money into two recent asset-backed securitizations issued by Hyundai Capital America and Honda.

Google has tapped its stockpile of cash to invest large chunks of money into two recent asset-backed securitizations issued by Hyundai Capital America and Honda. Observers say they mark a rare instance in which U.S. corporate giants invest in structured notes.

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