{"id":9808,"date":"2021-09-13T14:30:17","date_gmt":"2021-09-13T13:30:17","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9808"},"modified":"2021-09-13T14:30:26","modified_gmt":"2021-09-13T13:30:26","slug":"coinbase-announces-a-1-5b-bond-sale","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinbase-announces-a-1-5b-bond-sale\/","title":{"rendered":"Coinbase announces a $1.5B bond sale"},"content":{"rendered":"\n
Coinbase announced on September 13 that it plans to raise $1.5 billion through a debt offering<\/a>. The funds raised will be used to expand the company's balance sheet, including potential investments and acquisitions of products or technology.<\/h5>\n\n\n\n
\"Coinbase<\/figure>\n\n\n\n

Coinbase, a Nasdaq-listed cryptocurrency exchange\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, plans to use the funds raised to expand the company's balance sheet, including potential investments and acquisitions of other companies, products, or technology, according to the company. The firm stated that the offering's closing is contingent on the market and other conditions.<\/p>\n\n\n\n

The new round aims to offer a $1.5 billion aggregate principal amount of senior notes due 2028 and 2031, which will be fully guaranteed by Coinbase, Inc., a wholly-owned Coinbase subsidiary that serves as the company's holding company. The firm and the initial purchasers will negotiate the interest rate, redemption provisions, and other terms of the raise.<\/p>\n\n\n\n

The notes and related guarantees would only be offered and sold through a private offering memorandum to persons \u201creasonably believed to be qualified institutional buyers\u201d under local securities laws <\/a>and outside the United States, according to Coinbase.<\/p>\n\n\n\n

\u201cNeither the notes nor the related guarantee have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements,\u201d according to Coinbase.<\/p><\/blockquote>\n\n\n\n

The news comes as Coinbase is being scrutinized by securities regulators, with the Securities and Exchange Commission (SEC) threatening to sue the exchange last week over its upcoming crypto lending program<\/a>.<\/p>\n\n\n\n

Coinbase CEO Brian Armstrong pointed out that a number of other crypto companies are currently offering similar lending services to their customers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Coinbase announced on September 13 that it plans to raise $1.5 billion through a debt offering. The funds raised will be used to expand the company’s balance sheet, including potential investments and acquisitions of products or technology. Coinbase, a Nasdaq-listed cryptocurrency exchange , plans to use the funds raised to expand the company’s balance sheet, […]<\/p>\n","protected":false},"author":12,"featured_media":9811,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[4375,150,4376],"class_list":["post-9808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-bond-sale","tag-coinbase","tag-debt-offering"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/Coinbase-announces-a-1.5B-raise-in-bond-sale.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9808"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9811"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}