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📌If you are failing in Prelims again and again then Enlight IAS is highly recommended by Toppers!

A record success ratio in 2021, 22, 23, 24 and 2025.

Hear from Swati Sharma AIR 17, Ayushi Pradhan AIR 36, Anjali Shrotriya AIR 44, Aastha Singh AIR 61, Kanika AIR 64, Abhijit Ray AIR 50, Aaditya Sharma AIR 70, Sunil AIR 77, Anjali Garg AIR 79, Ashis Kumar AIR 85, Shubham Shukla AIR 43, Ankit AIR 99 and 150+ other toppers about EnlightIAS. Click here to know

Details of Prelims Test series: https://www.tg-me.com/EnlightIAS8_official/9273

List of other courses: https://www.tg-me.com/EnlightIAS8_official/9325

For enquiry, contact @enlightias_help or call +919540489839 website: www.enlightias.com

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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%.

The SSE was the first modern stock exchange to open in China, with trading commencing in 1990. It has now grown to become the largest stock exchange in Asia and the third-largest in the world by market capitalization, which stood at RMB 50.6 trillion (US$7.8 trillion) as of September 2021. Stocks (both A-shares and B-shares), bonds, funds, and derivatives are traded on the exchange. The SEE has two trading boards, the Main Board and the Science and Technology Innovation Board, the latter more commonly known as the STAR Market. The Main Board mainly hosts large, well-established Chinese companies and lists both A-shares and B-shares.

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