365Crypto
Telegram’s Big Bond Sale
Messaging app Telegram is raising serious money — at least $1.5 billion through bonds. The bond issue is set for May 28 and includes some heavyweight backers like BlackRock and Abu Dhabi’s Mubadala.
What’s in the Deal?
The five-year bonds offer a 9% return. That’s pretty juicy. Investors also get a 20% discount if Telegram goes public later. Basically, it’s a crypto-flavored investment buffet.
Why the Raise?
Telegram plans to use the money to pay off older bonds from 2021. Those are due in March 2026. Out with the old, in with the new.
New Faces Joining
Aside from existing investors, big firms like Citadel are jumping in too. Hedge funds want a piece of the action.
IPO Discount? Yes, Please
The deal includes a sweetener: a chance to buy Telegram IPO shares at a 20% discount — same as earlier bond deals.
Meanwhile, in Dubai…
Telegram’s CEO Pavel Durov is making a return trip to Dubai. He teased on X: “I’ll be in Dubai the first week of June — good news ahead.”
This will be his second visit since his arrest in France in 2024. He got permission to travel in March.
📌 Bond: A type of loan where investors lend money to a company and earn interest.
📌 IPO: Initial Public Offering — when a company first sells its stock to the public.
