US EditionTelegram, The Messaging Giant Linked to TON Network, Looks Raise $1.5B Through Bond Sale: WSJ
- Telegram plans to secure $1.5 billion by issuing a five-year bond, supported by investors such as Citadel, BlackRock, and Mubadala, to refinance its existing debt.
- This bond issue follows Telegram's previous 2021 bonds, maturing in March 2026, with about $400 million already repurchased, while legal challenges persist in France.
- In 2024, Telegram achieved a substantial financial turnaround, posting a profit of $540 million on revenues of $1.4 billion, fueled by growth in premium subscriptions, advertising, and collaborations linked to the Ton blockchain as its user base expanded.
- Toncoin, the cryptocurrency associated with Telegram’s blockchain The Open Network, surged 6% to nearly $3.2 following the company’s strong profit report. Additionally, the TON Foundation named former Visa executive Nikola Plecas to lead its payments division as vice president.
- The bond proceeds will accelerate Telegram's growth and debt management, indicating increasing convergence between traditional investors and the digital asset ecosystem.
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18 Articles
Telegram Secures $1.7B Convertible Bond to Restructure Existing Debt
Quick take: The company plans to use some of the proceeds from the new 5-year notes to service $955 million of debt due in 2026. Investors in the new notes can redeem them at 80% of the price of any IPO if Telegram decides to go public before the notes mature. The new convertible notes were priced with a coupon of 9%, 200 basis points more than the $2.35 billion bond issued in 2021, Bloomberg reported. Telegram has raised a $1.7 billion convert…
CoinStats - Telegram Raises $1.7B Via Convertible Bonds: ...
Telegram has secured $1.7 billion by issuing five-year convertible bonds, aiming to refinance existing liabilities and push out repayment deadlines.The messaging app, which now counts over 1 billion users, will use $955 million of the new funds to buy back bonds maturing in 2026, Bloomberg reports. The remaining $745 million gives the company fresh capital to bolster its operations or invest in growth.Read more: TON Under Pressure After Telegram…
Telegram to raise $1.5B in a bond sale joined by BlackRock.
The post Telegram to raise $1.5B in a bond sale joined by BlackRock. appeared on BitcoinEthereumNews.com. BlackRock, one of the world’s largest Bitcoin holders, is reportedly participating in a bond raise by crypto-friendly messenger Telegram. Telegram is expected to raise at least $1.5 billion in a bond issue on May 28, with support from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala, The Wall Street Journal reported. …
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