Telegram Raises $1.5B in Bonds to Pay Off Debt

The post Telegram Raises $1.5B in Bonds to Pay Off Debt appeared first on Coinpedia Fintech News

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.