Telegram raised $1.7 billion by selling convertible bonds, Bloomberg reported. Part of the funds — $955 million — will go toward paying off existing debt, the agency noted. The bonds were placed with a coupon rate of 9% — this is 200 basis points higher than the rate on the initial issue of bonds in the amount of $2.35 billion in 2021.
The Wall Street Journal reported earlier about Telegram’s plans to raise at least $1.5 billion through a new bond issue
Messenger Telegram placed convertible bonds for $1.7 billion, Bloomberg reports. The funds will go toward paying off existing debt and extending the debt repayment period, the agency noted.
As stated in the publication, the messenger will use part of the proceeds from the sale of new five-year bonds to pay off debt in the amount of $955 million, another $745 million was raised in the form of new funds.
Investors in the new bonds could buy them back at 80% of the initial public offering price if Telegram decides to go public before the bonds mature, Bloomberg sources said.
Բաժանորդագրվեք մեր ալիքին Telegram-ում
