Wishing all Wagglers a Happy Lunar New Year 2024 🐝
The year of the Dragon is also known as Long, which describes out adventure here at Waggle quite well as we have endured the ups and down of the market and ecosystem we call home 🐉
The future is bright however, with many exciting things just around the corner and the prospect of fresh sucess and opportunities as we approach the next Bitcoin Halving.
Thank you for being with us this far, we look forward to bigger and better things in 2024 🎉
Wishing all Wagglers a Happy Lunar New Year 2024 🐝
The year of the Dragon is also known as Long, which describes out adventure here at Waggle quite well as we have endured the ups and down of the market and ecosystem we call home 🐉
The future is bright however, with many exciting things just around the corner and the prospect of fresh sucess and opportunities as we approach the next Bitcoin Halving.
Thank you for being with us this far, we look forward to bigger and better things in 2024 🎉
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%.
