Clear Street closes $400 million senior notes offering
The five-year notes have a fixed annual coupon of 7.85% and were priced tighter than previous issuance.
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Cloud-native platform for multi-asset clearing and trading
clearstreet.ioLast updated
In short: Clear Street underwent major leadership changes and strategic shifts, including naming Uri Cohen as CEO and postponing its planned IPO.
The five-year notes have a fixed annual coupon of 7.85% and were priced tighter than previous issuance.
He will remain on the board and advise on international relations; founder Uri Cohen becomes CEO effective June 1.
The platform provides institutional-grade infrastructure and AI tools for equities and options trading.
He is authorized by the FCA and will lead U.K. operations, focusing on sustainable growth and product expansion across the region.
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