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30 : #essential : əˈsenʃl̩
necessary, very important
ضروری، بسیار مهم

a. The essential items in the cake are flour, sugar, and shortening.
مواد لازم در کیک؛ آرد، شکر و روغن هستند
b. It is essential that we follow the road map.
بسیار مهم است که نقشه جاده را دنبال کنیم
c. Several layers of thin clothing are essential to keeping warm in frigid climates.
برای گرم نگه داشتن خود در آب و هوای سرد، لایه های متعددی از لباس های نازک لازم است.
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30 : #essential : əˈsenʃl̩
necessary, very important
ضروری، بسیار مهم

a. The essential items in the cake are flour, sugar, and shortening.
مواد لازم در کیک؛ آرد، شکر و روغن هستند
b. It is essential that we follow the road map.
بسیار مهم است که نقشه جاده را دنبال کنیم
c. Several layers of thin clothing are essential to keeping warm in frigid climates.
برای گرم نگه داشتن خود در آب و هوای سرد، لایه های متعددی از لباس های نازک لازم است.
🍂 @coding_504 🍂

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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%.

However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.

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