Hot Growth Stocks To Buy Right Now

Coinbase Global  (COIN) , the country’s biggest cryptocurrency exchange, said Monday that it planned to offer $1.5 billion of seven- and 10-year senior notes.

“The interest rate, redemption provisions, and other terms of each series of notes will be determined by negotiations between Coinbase and the initial purchasers,” the San Francisco company said in a statement.

The stock recently traded at $240.90, down 3%. In mid-April the stock touched a 52-week high $429.54.

The bond issuance “represents an opportunity to bolster our already-strong balance sheet with low-cost capital,” Coinbase said.

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It intends to use proceeds from the offering for general purposes, which might include investment in product development and investments in or acquisitions of other companies, products or technologies, the company said.

Hot Growth Stocks To Buy Right Now: Oak Valley Bancorp (CA)(OVLY)

Oak Valley Bancorp operates as the holding company for Oak Valley Community Bank that provides banking products and services for individuals and business enterprises in Oakdale, California and the surrounding areas. It operates through two segments: Retail Banking and Commercial Banking. The company accepts various deposits products, such as checking and savings, negotiable order of withdrawal, money market, health savings, and individual retirement accounts, as well as overdraft protection and certificates of deposits. It also offers a range of commercial loans for business, professional, or agricultural needs that include short-term working capital, operating lines of credit, equipment purchases, leasehold improvements, construction, and commercial real estate acquisitions or refinancing, as well as consumer loans consisting of personal loans, auto loans, home improvement loans, home mortgage loans, revolving lines of credit, and other loans made to individual borrowers. In addition, the company provides online banking, remote deposit capture, mobile banking, merchant, night depository, extended hours, wire transfer of funds, and note collection services, as well as automated teller machines. As of December 24, 2015, it operated through a network of 16 branches in Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, and Tracy; 2 branches in Modesto; 2 branches in Sonora; and 3 branches in Bridgeport, Mammoth Lakes, and Bishop. The company was founded in 1990 and is headquartered in Oakdale, California.

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