Coinbase to Partially Buy Back $1 Billion Bonds at a Premium

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Coinbase to Partially Buy Back $1 Billion Bonds at a Premium
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Following a strong financial performance in Q2, Coinbase has offered to buy back part of its $1 billion bonds at a slight premium. Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block. Connect/Create Wallet You can unlock at any time.* No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.

The offer is at a slight premium and follows a robust financial performance in Q2.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Coinbase has offered to buy back part of its $1 billion bonds from investors at a premium following a strong financial performance in the second quarter.

The overall buyback offer is at a premium since the two offer prices are higher than the unaffected price of the bond, pre-announcement, as of Aug. 4 — which is around 60 cents on the dollar, according to Business Insider

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