Ivan Radic
A portion of the proceeds from the issuance of new five-year bonds will be allocated to settle $955 million in debt, while an additional $745 million has been generated as new funds.
Investors in the new bonds have the option to repurchase them at 80% of the original offering price if Telegram opts to go public before the bonds reach maturity.
The list of investors includes existing Telegram bondholders, such as BlackRock and Mubadala. Moreover, hedge fund Citadel is anticipated to be among the new investors as well.
Investors in the new bonds, similar to Telegram's previous bond offering, will be able to convert their debt into company shares at a discount if the company chooses to go public, according to the WSJ. The newspaper highlights that Telegram’s IPO is improbable in the short term.
source: bloomberg.com, wsj.com
Investors in the new bonds have the option to repurchase them at 80% of the original offering price if Telegram opts to go public before the bonds reach maturity.
The list of investors includes existing Telegram bondholders, such as BlackRock and Mubadala. Moreover, hedge fund Citadel is anticipated to be among the new investors as well.
Investors in the new bonds, similar to Telegram's previous bond offering, will be able to convert their debt into company shares at a discount if the company chooses to go public, according to the WSJ. The newspaper highlights that Telegram’s IPO is improbable in the short term.
source: bloomberg.com, wsj.com