🌩Get ready, Southern Ontario! Severe thunderstorms hit tonight, but sunny skies await for Victoria Day 2025. Check our full forecast for Toronto, Hamilton, and London at 06:47 AM CDT, May 16. 🌞 Plan your long weekend smart. https://trendsnip.com/severe-storms-ontario-victoria-day-weekend-2025/
🌩Get ready, Southern Ontario! Severe thunderstorms hit tonight, but sunny skies await for Victoria Day 2025. Check our full forecast for Toronto, Hamilton, and London at 06:47 AM CDT, May 16. 🌞 Plan your long weekend smart. https://trendsnip.com/severe-storms-ontario-victoria-day-weekend-2025/
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%.
Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.
