According to various estimates, from 100 to 300 thousand people live in the Rocinha favela, no one knows the exact data. This is the largest favela in Brazil and it is located almost in the very center of Rio de Janeiro.
Local residents have been building up the slopes with houses made of improvised materials for several decades.
Literally opposite the favela is Mount Corcovado, on which there is the famous statue of Christ the Redeemer. The nearest neighbors of the residents of the favela are rich people who live in elite new buildings.
According to various estimates, from 100 to 300 thousand people live in the Rocinha favela, no one knows the exact data. This is the largest favela in Brazil and it is located almost in the very center of Rio de Janeiro.
Local residents have been building up the slopes with houses made of improvised materials for several decades.
Literally opposite the favela is Mount Corcovado, on which there is the famous statue of Christ the Redeemer. The nearest neighbors of the residents of the favela are rich people who live in elite new buildings.
BY International Geographic
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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%.
