synthetic bonds
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Mar 6, 2021 by Chamath Palihapitiya · across every show →
Everything said about synthetic bonds, oldest first
Mar 6, 2021 neutral
Palihapitiya: SPACs function as synthetic bonds due to shareholder redemption rights
“In many ways, SPACs are synthetic bonds, right? And the reason is because, you know, if you go and buy, if you go and buy a SPAC, one share of any SPAC, you have the ability to redeem that. If you don't like the deal that it does and get back your coupon.”