Short News

Telegram Raises $1.5B in Bonds to Pay Off Debt

Qadir AK28 May 20251 min read

Telegram is planning to issue $1.5 billion in five-year bonds with a 9% interest rate to repay its 2021 debt. Major investors like BlackRock, Mubadala, and newcomer Citadel are backing the deal. The bonds come with an option for investors to convert them into equity at a discount if Telegram goes public. This move aims to strengthen Telegram’s financial position while preparing for a potential future IPO.

#Crypto news

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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