Block will issue $2.2 billion in senior bonds, higher than the previously announced issuance scale of $1.5 billion.

Golden Finance reports that payment service provider Block has announced its latest developments, stating that it will issue $1.2 billion principal notes (referred to as “2030 Notes”) and $1 billion principal notes (referred to as “2033 Notes”, collectively referred to as “Notes”) through a private sale to persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended (the “Act”) and to non-U.S. persons outside the United States under Regulation S of the Act. The total principal amount of this issuance is higher than the previously announced issuance scale of $1.5 billion.