Coinbase Global (COIN) , the country’s biggest cryptocurrency exchange, said Monday that it planned to offer $1.5 billion of seven- and 10-year senior notes.
“The interest rate, redemption provisions, and other terms of each series of notes will be determined by negotiations between Coinbase and the initial purchasers,” the San Francisco company said in a statement.
The stock recently traded at $240.90, down 3%. In mid-April the stock touched a 52-week high $429.54.
The bond issuance “represents an opportunity to bolster our already-strong....More>>>