𝐆𝐀𝐋𝐈 𝐃𝐈𝐒𝐀𝐖𝐀𝐑 𝐆𝐀𝐉𝐈𝐘𝐀𝐁𝐀𝐃 𝐅𝐀𝐑𝐈𝐃𝐀𝐁𝐀𝐃 {𝐅𝐈𝐗 𝐉𝐎𝐃𝐈}

𝐆𝐀𝐋𝐈 𝐃𝐈𝐒𝐀𝐖𝐀𝐑 𝐆𝐀𝐉𝐈𝐘𝐀𝐁𝐀𝐃 𝐅𝐀𝐑𝐈𝐃𝐀𝐁𝐀𝐃 {𝐅𝐈𝐗 𝐉𝐎𝐃𝐈} Telegram | DID YOU KNOW?

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%.

The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.

𝐆𝐀𝐋𝐈 𝐃𝐈𝐒𝐀𝐖𝐀𝐑 𝐆𝐀𝐉𝐈𝐘𝐀𝐁𝐀𝐃 𝐅𝐀𝐑𝐈𝐃𝐀𝐁𝐀𝐃 {𝐅𝐈𝐗 𝐉𝐎𝐃𝐈} from PL