{"id":49347,"date":"2021-09-13T15:59:58","date_gmt":"2021-09-13T12:59:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=49347"},"modified":"2025-09-02T12:15:41","modified_gmt":"2025-09-02T09:15:41","slug":"coinbase-to-issue-1-5-billion-of-senior-notes-for-general-corporate-purposes-including-potential-ma","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-issue-1-5-billion-of-senior-notes-for-general-corporate-purposes-including-potential-ma\/","title":{"rendered":"Coinbase to issue $1.5 billion of senior notes for general corporate purposes, including potential M&#038;A"},"content":{"rendered":"<p>The Coinbase cryptocurrency exchange <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210913005454\/en\/Coinbase-Announces-Proposed-Private-Offering-of-1.5-Billion-of-Senior-Notes-for-General-Corporate-Purposes-Including-Product-Development-and-Potential-MA%C2%A0\">\u043f\u0440\u043e\u0432\u0435\u0434\u0435\u0442<\/a> private placement of two series of senior notes with a redemption right in 2028 and 2031, for a total face value of $1.5 billion.<\/p>\n<p>The proceeds will be used for general corporate purposes, including product development and potential participation in <span data-descr=\"mergers and acquisitions\" class=\"old_tooltip\">M&#038;A<\/span>.<\/p>\n<p>The securities will be eligible for purchase by qualified institutional buyers in the United States under Rule 144A of the Securities Act, and by non-residents under Regulation S of the same document.<\/p>\n<p>The notes will be guaranteed by Coinbase Inc., the subsidiary of the cryptocurrency exchange.<\/p>\n<p>Terms of the offering will be determined after discussions with potential investors. The closing of the deal depends on market conditions.<\/p>\n<p>In May, Coinbase <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-to-raise-1-25-billion-as-stock-slides\">announced<\/a> a private placement of convertible bonds totaling $1.25 billion maturing in 2026.<\/p>\n<p>In April, CEO Brian Armstrong forecast that the company&#8217;s non-trading business would significantly <a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-chief-outlines-plans-to-list-more-assets-on-the-exchange\">grow<\/a> over the long term thanks to investments in new areas.<\/p>\n<p>In September, top management <a href=\"https:\/\/u1f987.com\/en\/news\/sec-threatens-coinbase-with-lawsuit-over-planned-crypto-savings-accounts\">disclosed information<\/a> about disagreements with <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> regarding the announced crypto-savings accounts based on the stablecoin USDC.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Coinbase cryptocurrency exchange will conduct a private placement of two series of senior notes with a redemption right in 2028 and 2031, for a total face value of $1.5 billion.<\/p>\n","protected":false},"author":1,"featured_media":49348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Coinbase to privately place $1.5 billion of senior notes due 2028 and 2031.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1431,138],"class_list":["post-49347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bonds","tag-coinbase"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"Coinbase to privately place $1.5 billion of senior notes due 2028 and 2031.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=49347"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49347\/revisions"}],"predecessor-version":[{"id":49349,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/49347\/revisions\/49349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/49348"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=49347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=49347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=49347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}