Coinbase plans to raise $2 billion through the issuance of convertible notes

ChainCatcher news, according to Businesswire, Coinbase Global, Inc. (Nasdaq: COIN) announced plans to issue a total of $2 billion in convertible senior notes through a private placement, maturing in 2030.

The proceeds will be used to pay for issuance costs, potential repurchases or repayment of existing debt, and for general corporate purposes. The company plans to offer initial investors an additional purchase option, with the size and pricing of the offering to be determined based on market conditions. The terms and interest rates of the bond conversion will be established at the time of pricing.