Ledn taps Bitcoin-Backed Bonds for $188 Million Offering
TL;DR Summary
Ledn sold $188 million in bonds secured by bitcoin, with Jefferies as structuring agent and bookrunner. The two-tranche deal is backed by 4,078.87 BTC (about $357 million) and includes an investment-grade tranche priced at 335 basis points over the benchmark rate, and carries a BBB- rating, signaling growing demand for bitcoin-backed credit.
Topics:business#bitcoin#bonds#jefferies#ledn#markets#note-jefferies-appears-twice-only-five-allowed#securitized-bonds
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- Ledn Completes First Bitcoin-Backed Bond Sale After Liquidating 25% Of Loans During Price Crash Yellow.com
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