Coinbase plans to raise US$2 billion through convertible note issuance "
Online report, Coinbase Global, Inc. (Nasdaq: COIN) announced plans to issue US$2 billion in convertible senior bonds through private placement, with a maturity through 2030. The funds raised will be used to pay issuance fees, potential repurchase or repayment of existing debt and general corporate purposes. The company plans to offer additional purchase options to initial investors, and the size and pricing of the issue will depend on market conditions. Bond conversion terms and interest rates will be determined at the time of pricing.
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