Telegram Bond Issuance Raises 1.7 Billion

Telegram Raises $1.7 Billion Through Convertible Bonds

• Telegram raised $1.7 billion via convertible bonds.
• Over half, approximately $955 million, will repurchase 2021 bonds due in March 2026.
• The remaining $745 million is allocated for operational expansion.
• Investors can convert bonds into shares if Telegram goes public, at 80% of face value.
• This move follows a similar bond issuance in 2021 with a lower yield rate of 7%.

Telegram’s $1.7 billion bond issuance aims to manage debt and support growth, with $955 million for repurchasing existing bonds and $745 million for expansion efforts.