Coinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High

9
Comment
Favorite

Coinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High

Bloomberg2023-08-08

(Bloomberg) -- Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2357266349?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-08 09:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2357266349","market":"us","top_or_hot":-1,"title":"Coinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-08-07/coinbase-to-buy-back-junk-bonds-as-bitcoin-hovers-near-2023-high?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase to Buy Back Junk Bonds as Bitcoin Hovers Near 2023 High\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-08 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-08-07/coinbase-to-buy-back-junk-bonds-as-bitcoin-hovers-near-2023-high?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-08-07/coinbase-to-buy-back-junk-bonds-as-bitcoin-hovers-near-2023-high?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIN","symbol_name":"Coinbase Global, Inc.","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2023-08-07/coinbase-to-buy-back-junk-bonds-as-bitcoin-hovers-near-2023-high?srnd=premium-asia","article_id":"2357266349","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2357266349","pubTimestamp":1691459582,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":" -- Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement Monday.Musk Says He May Need Surgery, Will Get MRI on Back and Neck. Texas Power Prices to Surge 800% on Sunday Amid Searing Heat. PayPal Launches a Stablecoin in Latest Crypto Payments Push. Ukraine Black Sea Drone Attacks Signal Rapidly Expanding War. Corporate borrowers have been looking to buy back debt as higher interest rates make it more expensive for company’s to refinance. Warner Bros Discovery Inc. last week said it was planning to repurchase as much as $2.7 billion of bonds maturing between December 2023 and June 2024. In July, Verizon Communications Inc. launched a $1.5 billion bond buyback for debt maturing between 2024 and 2036, as the telecom provider works to lower its debt load.","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"COIN":"Coinbase Global, Inc."},"translate_title":"比特币基地将回购垃圾债券，比特币徘徊在2023年高点附近","themeId":"a391ff881f7f4c4698e552d7ec771594","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COIN":1},"content_text":"(Bloomberg) -- Coinbase Global Inc. is offering to buy back some of its outstanding junk bonds as the world’s largest cryptocurrency trades near its highest value of the year, according to a statement Monday. The crypto exchange is offering to redeem as much as $150 million of its 3.625% notes due October 2031. Investors who wish to tender will be eligible to receive between $615 and $645 per $1,000 of principal, according to the statement. The offer will expire Sept. 1 at 11:59 p.m. New York time.Bitcoin traded at $29,204 as of 5:34 p.m. New York time Monday. In July, the digital token traded at $31,386, the highest level since 2022. The debt Coinbase is looking to retire traded at 62 cents on the dollar as the bond market closed Monday, up from a record low of 52 cents set in November. The company has engaged Citigroup Global Markets Inc. to manage the tender offer.Corporate borrowers have been looking to buy back debt as higher interest rates make it more expensive for company’s to refinance. Warner Bros Discovery Inc. last week said it was planning to repurchase as much as $2.7 billion of bonds maturing between December 2023 and June 2024. In July, Verizon Communications Inc. launched a $1.5 billion bond buyback for debt maturing between 2024 and 2036, as the telecom provider works to lower its debt load.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}