Earlier, Coinbase (COIN) Global announced its intention to offer, subject to market conditions and other factors, $1B aggregate principal amount of Convertible Senior Notes due 2029 and $1B aggregate principal amount of Convertible Senior Notes due 2032 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COIN:
- Option traders moderately bearish in Coinbase with shares down 5.47%
- Coinbase Plans to Raise $2B in Convertible Debt amid Strong Investor Interest
- Crypto Currents: Trump to order probe of crypto ‘debanking’ claims
- Coinbase Announces $2 Billion Convertible Notes Offering
- Watch Out! Analysts Downgraded these Stocks on August 4