The messaging platform, Telegram recently raised $ 1.7 billion from investors in a bond, characterized by 9% coupons closing on May 28.
As BloombergThe company will use a portion of income to pay a $ 955 million loan from the previous bond issue set to mature in 2026. The remaining $ 745 million is the fresh capital for development and operational costs.
Telegram co-founder Powel Durov wrote in a telegram Post,
“Investors’ response was unprecedented. We are deeply grateful to investment funds that have supported us for years. Due to strong demand, we expanded the offer beyond the initial $ 1.5 billion – yet the demand is still more that we can allocate.”
Telegram continues to attract investors as the crypto-friendly messaging company expands its global access and features. The platform is widely used in the Crypto community and is seen as a vehicle to facilitate the mainstream.
Sales -participating investors, including asset manager Blackrock and Abu Dhabi Investment Firm Mubdala, have the option to buy Telegram shares in a possible future initial public offering (IPO) at a 20% discount.
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Telegram’s temporary deal with Musk’s XAI
Bond sales follows several recent developments from Telegram, including a deal between the messaging company and the XAI of Elon Musk, the Artificial Intelligence firm behind the grouke.
Telegram and XAI allegedly agreed to give telegram users access to Groke for 1 year, Durov wrote on 28 May PostThe company will receive $ 300 million in cash and equity from XAI and “50% revenue from the XAI membership sold through Telegram.”
Later musk rejected A deal was signed between the two companies. According to durov feedbackThe formalities on the deal are “pending.”
Tonquine (ton), Telegram’s only digital property was accepted for app services, exceeding 20% on 28 May, which was on 28 May, after the announcement of partnership.
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