Shares of Coinbase Global Inc.
said Thursday that it repurchased $64.5 million worth of 0.50% convertible senior notes, in privately negotiated deals that represent about 29% discounts to par value. After the repurchases close, which is expected to occur on June 20, about $1.373 billion principal amount of the notes will remain outstanding. Shares of the cryptocurrency exchange dropped 4.6% in premarket trading. Prices of Coinbase’s bonds have been selling off after the U.S.
said Thursday that it repurchased $64.5 million worth of 0.50% convertible senior notes, in privately negotiated deals that represent about 29% discounts to par value. After the repurchases close, which is expected to occur on June 20, about $1.373 billion principal amount of the notes will remain outstanding. Shares of the cryptocurrency exchange dropped 4.6% in premarket trading. Prices of Coinbase’s bonds have been selling off after the U.S.
Source: Loan Digest (loandigest.net)
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