The use here is obvious, but I'm still not sure if it has been all the way justified that this scheme's construction is uniquely different than what already exists currenlty.
There are other examples if you look deep enough on the internet (with better explanations on how they're supposed to work within the context of something that many would consider to be valuable at this point in time [i.e., blockchain])
The use here is obvious, but I'm still not sure if it has been all the way justified that this scheme's construction is uniquely different than what already exists currenlty.
There are other examples if you look deep enough on the internet (with better explanations on how they're supposed to work within the context of something that many would consider to be valuable at this point in time [i.e., blockchain])
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%.
China’s stock markets are some of the largest in the world, with total market capitalization reaching RMB 79 trillion (US$12.2 trillion) in 2020. China’s stock markets are seen as a crucial tool for driving economic growth, in particular for financing the country’s rapidly growing high-tech sectors.Although traditionally closed off to overseas investors, China’s financial markets have gradually been loosening restrictions over the past couple of decades. At the same time, reforms have sought to make it easier for Chinese companies to list on onshore stock exchanges, and new programs have been launched in attempts to lure some of China’s most coveted overseas-listed companies back to the country.
