Academic_science

Continue to Open

More...

Telegram hopes to raise $1bn with a convertible bond private placement

The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.

Academic_science Webview

From: United States America (US)

Academic_science TG

Telegram Link: tg-me.com/joinchat-AAAAAD8Sc4w7uOD2ccfJFA

About Academic_science

Created Date: 2020-04-15

Academic_science

Admin Bot Link

https://www.hottg.com/+AAAAAD8Sc4w7uOD2ccfJFA/Academic_science-tg-telegram.html

Academic_science