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Coinbase wants to raise $1.5 billion in bond sales

Coinbase, one of the world’s largest cryptocurrency exchanges, has announced it intends to raise more than $1.5 billion through the sale of bonds.

Coinbase wants to raise $1.5 billion in bond sales

Coinbase wants to raise $1.5 billion in bond sales

The action comes just months after the company went public on the US stock exchange.

According to information, the exchange will use the capital raised to further increase its balance sheet.

In addition, the company plans to use the money to invest in new positions such as acquisitions of other companies. At the same time, Coinbase plans to invest in technology products.

“The closing of the offer is subject to market analysis and other conditions,” said the company.

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As informed by Coinbase, the new round of financing will have the issuance of bonds maturing in 2028 and 2031. The products will be fully guaranteed by Coinbase Inc., Coinbase’s holding company.

The interest rate, redemption provisions and other terms are subject to negotiation between the company and buyers.

“Neither the securities nor the related collateral have been, or will be, registered under the Securities Act or the securities laws of the US or any other jurisdiction. And, unless they are registered, they cannot be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements,” they added.

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