tg-me.com/github_code/177
Create:
Last Update:
Last Update:
BY Github
Share with your friend now:
tg-me.com/github_code/177
tg-me.com/github_code/177
Share with your friend now:
tg-me.com/github_code/177
View MORE
Open in Telegram
Github Telegram | DID YOU KNOW?
Date: | Github
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%.
Github from kr