All articles tagged with #bond sale
Originally Published 3 months ago — by Bloomberg.com
Oracle launched an $18 billion bond sale to fund its AI-related cloud infrastructure expansion, with strong demand reaching $88 billion, as the company ramps up investments following major cloud deals and aims to support its growth in the competitive tech market.
Originally Published 3 months ago — by TechCrunch
Oracle plans to raise $15 billion through a corporate bond sale, including potentially a 40-year bond, shortly after signing a significant AI infrastructure deal with OpenAI and in talks with Meta for a $20 billion compute deal. The company also announced a leadership transition with Safra Catz stepping down as CEO.
Originally Published 1 year ago — by CoinDesk
Coinbase plans to raise $1 billion through a convertible bond sale, following MicroStrategy's lead, to capitalize on the crypto market rally without diluting existing shareholders' ownership. Meanwhile, QCP Capital predicts a potential correction in Ether's price due to negative risk reversals and concerns about market leverage. Additionally, a study by the USPTO and the U.S. Copyright Office concludes that current intellectual property laws are sufficient to address copyright and trademark issues related to NFTs, despite common infringement on NFT platforms.
Originally Published 1 year ago — by Yahoo Finance
Coinbase plans to raise $1 billion through a convertible debt offering, following the playbook of Michael Saylor's MicroStrategy. The offering includes a provision for "negotiated capped call transactions" to minimize dilution at conversion. This move comes after a significant rally in bitcoin and a surge in Coinbase's stock price. By tapping the debt market instead of selling new shares, Coinbase aims to fund its crypto business without negatively impacting its stock price. Wall Street analysts have also shifted from a bearish stance on the stock, with some upgrading their outlook due to the rally in digital asset markets.
Originally Published 1 year ago — by CoinDesk
Coinbase plans to raise $1 billion through a convertible debt offering, following the playbook of Michael Saylor's MicroStrategy, to avoid hurting its stock price. The offering includes a provision for "negotiated capped call transactions" to reduce dilution at conversion. This move comes after a significant rally in bitcoin and the stock market, with analysts upgrading their stance on Coinbase.
Originally Published 1 year ago — by DLNews
MicroStrategy plans to sell $600 million in senior convertible notes to fund Bitcoin purchases and for general corporate purposes, marking its second announced $600 million bond sale in less than a month. The firm, which holds 193,000 Bitcoin worth just under $13 billion, saw its stock rise 25% as Bitcoin approached all-time highs. The notes will mature in 2030 and bear interest payable semi-annually, with an option for early buyers to purchase an additional $90 million worth of notes. The announcement comes amid surging demand for Bitcoin, driven by factors including the success of US spot Bitcoin exchange-traded funds and an upcoming halving event.
Originally Published 2 years ago — by Reuters
Belgium has raised a record 21.9 billion euros ($23.65 billion) from savers in a bond sale aimed at pressuring banks to raise deposit rates. This marks the biggest funding drive from households in Belgium's history and is likely Europe's biggest retail bond sale. The demand for the bond is seen as a clear signal to banks to pay higher rates, as discontent grows with lenders failing to keep up with surging interest rates. Bonds issued by governments targeted at savers have become a popular alternative as European lenders resist raising savings rates.
Originally Published 2 years ago — by Yahoo Finance
Pfizer has sold $31 billion of debt in the fourth-largest US bond sale ever, which will finance its purchase of Seagen Inc. The pharmaceutical giant raked in over $85 billion in orders for the eight-part investment-grade deal, making it the largest debt financing for a merger or acquisition this year. The bond sale comes amid a rush by companies to tap capital markets ahead of a potential jump in borrowing costs sparked by the US debt ceiling standoff. Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. managed the sale.
Originally Published 2 years ago — by Yahoo Finance
Meta Platforms Inc. is set to raise $8.5 billion in a five-part bond sale, becoming the first mega-cap technology company to tap the US investment-grade bond market amid turmoil in the financial sector. The company plans to use the fresh funds to help finance capital expenditures, repurchase outstanding shares of its common stock, and for acquisitions or investments. Bank of America Corp., JPMorgan and Morgan Stanley are the bookrunners on Meta’s deal.