Telegram raises $1.7 billion via bond offering

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Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28.

According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs.

Telegram co-founder Pavel Durov wrote in a Telegram post:

“The response from investors was phenomenal. We are deeply grateful to the investment funds that have supported us over the years….



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Telegram raises $1.7 billion via bond offering


Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28.

According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs.

Telegram co-founder Pavel Durov wrote in a Telegram post:

“The response from investors was phenomenal. We are deeply grateful to the investment funds that have supported us over the years….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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