New Telegram Bond Issued for $330 Million
Pavel Durov announced that last week Telegram had issued bonds worth $330 million to accelerate the development of the messenger. The applications for bonds placement were oversubscribed, and on top of this, the majority of the buyers consisted of high-tier, high priced funds.
Telegram has previously issued bonds on:
• March 2021: The first bond placement for $1 billion.
• April 2021: Bonds placed for an additional $750 million.
• July 2023: Bonds were issued for $270 million, about a quarter of which were purchased by Durov himself.
#bonds
Pavel Durov announced that last week Telegram had issued bonds worth $330 million to accelerate the development of the messenger. The applications for bonds placement were oversubscribed, and on top of this, the majority of the buyers consisted of high-tier, high priced funds.
Telegram has previously issued bonds on:
• March 2021: The first bond placement for $1 billion.
• April 2021: Bonds placed for an additional $750 million.
• July 2023: Bonds were issued for $270 million, about a quarter of which were purchased by Durov himself.
#bonds
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Telegram Info English
Financial Performance of Telegram in 2024 and New Debt Issuance Telegram is issuing bonds worth approximately $1.5 billion to refinance its existing debt. The issuance started on Tuesday and may be completed as early as next week. According to Financial…
Telegram Issues $1.7 Billion in Bonds to Repay Debt
Telegram has successfully issued $1.7 billion in convertible bonds with a 9% annual interest rate. The transaction aims to refinance existing debt and raise new capital — $955 million will be used to buy back bonds, while $745 million will support platform development.
Investors received an option to convert the bonds into shares at 80% of the IPO price if Telegram goes public before the bonds mature. The placement concluded on May 28, with settlements expected by June 5.
Key Figures:
• Coupon rate: 9% (previously 7% in 2021)
• Users: over 1 billion
• Revenue for 2024: $1 billion
• Cash reserves: $500+ million (excluding crypto)
The chart shows how Telegram’s bonds have recovered after their decline in 2022. Currently, they are trading at 99.7% of face value.
#IPO #Profit #Bonds
Telegram has successfully issued $1.7 billion in convertible bonds with a 9% annual interest rate. The transaction aims to refinance existing debt and raise new capital — $955 million will be used to buy back bonds, while $745 million will support platform development.
Investors received an option to convert the bonds into shares at 80% of the IPO price if Telegram goes public before the bonds mature. The placement concluded on May 28, with settlements expected by June 5.
Key Figures:
• Coupon rate: 9% (previously 7% in 2021)
• Users: over 1 billion
• Revenue for 2024: $1 billion
• Cash reserves: $500+ million (excluding crypto)
The chart shows how Telegram’s bonds have recovered after their decline in 2022. Currently, they are trading at 99.7% of face value.
#IPO #Profit #Bonds
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