Popular messaging app Telegram secured a massive $1.5 billion in funding via a bond issue with backers such as BlackRock and Mubadla. The timing of this funding is interesting and comes when founder and CEO Pavel Durov shared the big news that he would be in his hometown Dubai, ending months-long French lockdown. Durov also teased that a “good news” in coming ahead. Telegram Offers Attractive Yield on Bond Issuance Telegram is poised to secure at least $1.5 billion through a bond issuance on Wednesday. As per the WSJ report, both new and existing investors will participate in the funding, according to sources familiar with the matter. Among the investors are the company’s existing bondholders like asset manager BlackRock, along with Abu Dhabi’s state-owned investment company, Mubadala. The five-year bonds are expected to be priced with a 9% yield. The report further adds that proceeds from the issuance will be… Read More at Coingape.com
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