Coinspeaker
Coinbase Ups Its Debt Repurchase Bond Buyback Program to $180M
On Tuesday, September 5, the world’s leading crypto exchange Coinbase announced that it is topping its debt buyback from $150 million previously, to now at $180 million. Thus, Coinbase is willing to buy back a larger number of its outstanding Notes than it unveiled previously.
As per the announcement made on September 5, Coinbase has allocated $180 million towards the repurchase of its 3.625% senior notes that will mature in 2031. The offer will expire on September 18 at 11:59 pm Eastern Time (3:59 am UTC).
Coinbase Bond Buyback Program
Coinbase initially initiated its bond buyback program with a limit of $150 million, but the response was tepid, with only $50 million in bonds offered for repurchase. This lukewarm reception suggested that investors were hesitant to part with their bonds, possibly anticipating future value appreciation.
However, in an unexpected twist, Coinbase has decided to increase the buyba
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