Telegram Raises $1.5B in Bonds to Pay Off Debt
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Telegram has secured $1.5 billion through a five-year bond issuance, offering a 9% interest rate to address its 2021 debt obligations. Major institutional players, including BlackRock, Mubadala, and Citadel, have backed the deal, signaling strong confidence in the messaging platform’s financial strategy.
The bonds include an equity conversion option, allowing investors to convert their holdings at a discount should Telegram pursue an initial public offering. This maneuver not only stabilizes the company’s balance sheet but also positions it for potential future market entry.
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