Coinbase increases junk bond offering to $2B after investors swarm

15 Sep 2021

Coinbase increases junk bond offering to $2B after investors swarm

Coinbase increases junk bond offering to $2B after investors swarmLeading U.S.-based cryptocurrency exchange Coinbase (NASDAQ:COIN) has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion.According to Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven and 10-year bonds, offering interest rates of 3.375% and 3.625% respectively.

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