The post Coinbase Receives Minimal Response to Increased Bond Buyback Offer! appeared first on Coinpedia Fintech News
Coinbase, the largest crypto exchange, had increased its repurchase offer to 67.5 cents on the dollar, but bonds worth $50 million at face value have only been tendered so far. The notes, which mature in 20331 and have a coupon of 3.625%, are trading at around 63.5 cents on the dollar. Although the company is facing regulatory concerns, its earnings report exceeded analysts’ expectations. However, Moody’s cut its outlook on the company to negative from stable in June, following a lawsuit from the US Securities and Exchange Commission.
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