Express
Bloomberg: Coinbase Increases Junk Bond Issuance To $2 Billion
Summary: According to Bloomberg News, citing people familiar with the matter, Coinbase Global (NASDAQ: COIN) increased its first junk bond issuance from $1.5 billion to $2 billion. Sources said the bond issuance has a demand of at least $7 billion. Coinbase expects to raise funds at lower than expected costs, with a 7-year yield of $1 ...
According to Bloomberg News, citing people familiar with the matter, Coinbase Global (NASDAQ: COIN) increased its first junk bond issuance from $1.5 billion to $2 billion.
Sources said the bond issuance has a demand of at least $7 billion. Coinbase expects to raise funds at lower than expected costs, with a 7-year yield of $1 billion of 3.37% and a 10-year yield of $1 billion of 3.625%.
This strong demand shows that investors are increasingly confident in cryptocurrency-based businesses as an investment.
By Mary Liu
Tags: bond,Coinbase
Link: Bloomberg: Coinbase Increases Junk Bond Issuance To $2 Billion [Copy]
