announced<\/a> by Coinbase earlier today revealed that the firm had amended the terms of the tender offer to increase the amount of senior notes that may be purchased for a maximum aggregate purchase price of $180 million. The expiration date of the tender offer was also extended to September 18, 2023.\u00a0<\/p>\n\n\n\nLast month, Coinbase circulated a tender offer to buy back a portion of its 3.625 %senior notes due 2031. However, the offer failed to capture the interest of the bondholders, indicating a bullish sentiment for the notes among them. At the time, investors tendered bonds worth approximately $50 million. An additional $211 million worth of bonds have reportedly been tendered since.<\/p>\n\n\n\n
The latest push for buying back outstanding senior notes comes less than a month after the initial tender offer to buy back a portion of the $1 billion bonds was floated by Coinbase. The crypto giant offered its investors a premium for its senior notes following a rather strong performance in the second quarter of 2023. At the time, the exchange stated that investors who sold their bonds before August 18 would receive 64.5 cents on the dollar. <\/p>\n","protected":false},"excerpt":{"rendered":"
Crypto exchange Coinbase has increased its bond buy back limit from $150 million to $180 million. <\/p>\n","protected":false},"author":62,"featured_media":583882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,2,26],"tags":[109069,108272,2014],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583880"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=583880"}],"version-history":[{"count":2,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583880\/revisions"}],"predecessor-version":[{"id":583883,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583880\/revisions\/583883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/583882"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=583880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=583880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=583880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}