Metaplanet to issue ¥52B in zero-coupon convertible bonds due 2031 to repay Bitcoin-backed loans and fund share buybacks

Japan's Metaplanet announced it will issue ¥52 billion ($328M) in zero-coupon Euro-yen convertible bonds maturing 2031, its first ever, offered through Merrill Lynch International. Funds will repay ¥23.6 billion in existing Bitcoin-backed borrowings and support buybacks of up to 96.9M shares at ¥261 (¥25.3B). Metaplanet already holds 44,000 BTC.

Detected & updated continuously · Source: Nebula