Meta Platforms, the parent company of Facebook, confirmed to the United States Securities Market Commission (SEC) the start of a placement of unsecured preferred bonds among institutional investors, in which it represents the company’s first debt issue.

“Meta Platforms began an offering of senior unsecured bonds to persons who were reasonably believed to be qualified institutional buyers“, the multinational said in a statement.

The company indicated that it intends to use the proceeds from the offering for “general corporate purposes”, which may include, but is not limited to, capital expenditures, outstanding share repurchases of its common stock, acquisitions, or investments.

Likewise, Meta highlighted that the timing of pricing and the terms of the bond issuance are subject to market conditions and other factors.

In this sense, knowledgeable sources indicated to Bloomberg that the issue would range between 8,000 and 10,000 million dollars and could be divided into four tranches, with the longest maturities reaching up to 40 years and with a return of between 1.75 and 1.8 percentage points above Treasury bills.

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Source: El Comercio

La entrada Meta Platforms makes its first bond issue apareció primero en Bitfinance.

The cryptocurrency exchange Binance announced that it will once again operate in the Malaysian markets thanks to the platform’s strategic alliance with Cuscapi Berhad.

This is how the company will operate in the Digital Asset Exchange, one of the four most recognized market operators in the region licensed by the Securities Commission (SC).

Binance has a significant presence in the Asian region and with its new partnership in Malaysia, the exchange aims to expand the sustainable growth of the cryptocurrency market in the Southeast Asian region.

A spokesperson for the company assured that “this is part of Binance’s initiatives to cooperate with regulators. By working with regulated platforms, we are supporting local representatives to further expand their businesses while complying”.

Hello Malaysia. 🇲🇾https://t.co/vsHzHlm7KI

— CZ 🔶 Binance (@cz_binance) March 1, 2022

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Source: Cointelegraph

La entrada Binance announces its return to Malaysia apareció primero en Bitfinance.