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TechFlow reports that Coinbase has announced the issuance of $1.1 billion in convertible senior notes due 2030, increasing the principal amount from the previously announced $1 billion offering.
Earlier report, according to The Block, Coinbase plans to sell $1 billion in convertible senior notes to institutional investors, aiming to raise funds to repay existing debt and cover corporate expenses.
Coinbase announced the issuance of $1.1 billion in convertible senior notes due 2030, an increase from the previously announced $1 billion offering size. Earlier, according to The Block, Coinbase planned to sell $1 billion in convertible senior notes to institutional investors, aiming to raise funds to repay existing debt and cover corporate expenses.
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