Telegram gets money again The Telegram Group company is placi | t9gram — all about Telegram

Telegram gets money again

The Telegram Group company is placing Eurobonds for $ 750 million. The securities will enter the market on May 6.

The minimum lot for purchase was $ 500 thousand, the par value of the bond was $ 1,000, as in the first placement. The maturity date is 22 March 2026 and the coupon rate is 7% per annum.

The additional bond issue is targeted at international investors. The buyers of 50% of the bonds are Asian funds, 40% come from large global institutional funds and 10% will go to Russian companies.

According to the source, when planning this release, Durov initially focused on Western and Asian demand. There were many investors who showed interest in Telegram bonds at the moment when the placement of the first issue was finalized.

However, Asian funds are very slow. When it became clear that Telegram would not have time to organize transactions with a part of large funds from Asia within the framework of the March bond issue, Durov decided to close the oversubscribed order book and then conduct an additional issue.