Goldman Sachs Group has come up with a new offering that allows investors to bet on SPACs, its latest attempt to capitalize on the dealmaking trend, Reuters reports, citing people familiar with the matter.
The product is structured as a two-year bond that pays interest and gives investors exposure to SPACs without owning them, the sources said. It could appeal to institutional investors who want regular income through a portfolio of many SPACs, the sources added. Read more.
