Other DebtActive
3.375% Senior Notes due 2028
COIN-Sr28
$202.99▲ 6.14%
BTC Holdings
15,389 BTC
Total Debt
$7.28B
Leverage
0.0%
mNAV
43.39x
Outstanding
$1.00B
Issue date
2021-09-17
Principal
$1.00B
Coupon
3.38%
Maturity
2028-10-01
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior, guaranteed by Coinbase, Inc.
- Payment frequency
- Semi-annual
- Payment dates
- Apr 1, Oct 1
- Rate type
- Fixed
- Covenants
- Limitation on liens and sale-leaseback; subsidiary guarantee requirement for material indebtedness; consolidation/merger/asset transfer restrictions
- Prepayment
- Prior to Oct 1, 2024: at par + make-whole premium. On or after Oct 1, 2024: at scheduled redemption prices. Up to 40% redeemable from equity proceeds at 103.375% prior to Oct 1, 2024.
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-31 | Issuance | $1.00B |
| 2021-09-17 | Issuance | $1.00B |
- 2025-12-31 — $1,000,000,000Note 11
- 2021-09-17 — $1,000,000,000Item 1.01