GetPriceCoin logo GetPriceCoin logo
Seeking Alpha 2021-09-14 19:48:37

Coinbase Global increases junk bond offering to $2B on robust demand - Bloomberg

Coinbase Global (NASDAQ:COIN) boosts the size of its inaugural junk-bond offering to $2B from $1.5B, Bloomberg reports, citing a person with knowledge of the matter. The strong demand for the issue shows that investors are becoming more confident in cryptocurrency-based businesses as an investment. There was at least $7B in demand for the offering, the person told Bloomberg. As well, the crypto exchange company is expected to raise the capital a lower cost than had been expected, with the $1B seven-year tranche seen pricing at a yield of 3.37% and the $1B 10-year part at 3.625%, according to the report. From Sept. 13, Coinbase raising $1.5B in bond sale.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer