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Telegram to Raise $1.5B in Bond Sale Backed by Major Institutional Investors
Telegram to Raise $1.5B in Bond Sale Backed by Major Institutional Investors
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Telegram is set to raise $1.5 billion through a bond sale, with heavyweights like BlackRock, Citadel, and Mubadala participating. The five-year bonds offer a 9% annual return, with proceeds earmarked to refinance existing debt from a 2021 loan. A conversion feature into equity at a discount could sweeten the deal for investors if Telegram pursues an IPO.
The messaging platform’s financial turnaround is stark: $1.4 billion revenue and $540 million profit in 2024, rebounding from a $173 million loss in 2023. Monetization strategies—including ads, digital gifts, and developer tools—are driving growth. Telegram now boasts over 1 billion monthly users and 15 million premium subscribers, doubling its paid user base year-over-year.
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