Telegram to Raise $1.5 Billion Through Bond Issuance
- Telegram plans to raise at least $1.5 billion via bond issuance.
- The bonds will have a five-year term with a 9% yield, maturing on May 28, 2025.
- Funds will be used to repurchase debt obligations issued in 2021, maturing in March 2025.
- Investors include BlackRock and Mubadala, with Citadel expected to join.
Telegram’s $1.5 billion bond issuance aims to manage its existing debt obligations from 2021, attracting investors like BlackRock and Mubadala.
Source (2.6)https://hodl.press/telegram-seeks-1-5-billion-through-bond-issuance-wsj/?rand=24434
