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⏳71 days left CSM25 [ 22-08-25] ⏳159 days left IfoS mains 16 Nov
⏳346 days left CSP26 [ 24-05-26] ⏳435 days left CSM26 [ 21-08-26]
⏳5 days left RAS mains 17 june ⏳17 days left UKPSC prelims 29 June ⏳17 days left UPPSC mains 29 June ⏳41 days JKPSC 23th July ⏳45 days UPPSC RO ARO 27 July ⏳52 days left capf AC 3 Aug ⏳79 days left 71th BPSC ⏳108 days MPSC prelims 28 Sept ⏳ 122 days left UPPSC prelims 12 Oct
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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%.
Launched in 2013, Telegram allows users to broadcast messages to a following via “channels”, or create public and private groups that are simple for others to access. Users can also send and receive large data files, including text and zip files, directly via the app.The platform said it has more than 500m active users, and topped 1bn downloads in August, according to data from SensorTower.CSE EXAM UPSC prelims mains CAPF from sg
