âś…The Polavaram irrigation project across the Godavari in Andhra Pradesh has been receiving huge inflows of flood waters owing to heavy rain in Maharashtra in the past few days.
âś…The Polavaram Project is an under construction multi-purpose irrigation project on the Godavari River in the Eluru District and East Godavari District in Andhra Pradesh. âś…The project has been accorded National project status by the Union Government of India. âś…Its reservoir back water spreads up to the Dummugudem Anicut (i.e. approx 150 km back from Polavaram dam on main river side) and approx 115 km on Sabari River side. âś…Thus back water spreads into parts of Chhattisgarh and Odisha States. âś…It gives major boost to tourism sector in Godavari Districts as the reservoir covers the famous Papikonda National Park.
âś…The Polavaram irrigation project across the Godavari in Andhra Pradesh has been receiving huge inflows of flood waters owing to heavy rain in Maharashtra in the past few days.
âś…The Polavaram Project is an under construction multi-purpose irrigation project on the Godavari River in the Eluru District and East Godavari District in Andhra Pradesh. âś…The project has been accorded National project status by the Union Government of India. âś…Its reservoir back water spreads up to the Dummugudem Anicut (i.e. approx 150 km back from Polavaram dam on main river side) and approx 115 km on Sabari River side. âś…Thus back water spreads into parts of Chhattisgarh and Odisha States. âś…It gives major boost to tourism sector in Godavari Districts as the reservoir covers the famous Papikonda National Park.
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%.
A Telegram spokesman declined to comment on the bond issue or the amount of the debt the company has due. The spokesman said Telegram’s equipment and bandwidth costs are growing because it has consistently posted more than 40% year-to-year growth in users.
