Telegram launches new bond placement for $ 750 million Taking | Telegram Info English

Telegram launches new bond placement for $ 750 million

Taking into account the bonds issued in March, the messenger will attract $ 1.75 billion, a source informed about the terms of the deal told Vedomosti.

On April 28, the organizers of the placement closed the order book, the papers will go into circulation on the market on May 6, it follows from the closed Bloomberg mailing list for investors.

The parameters of the bonds are identical to the first issue, which was posted in March 2021. The minimum lot for purchase was $ 500 thousand, the par value of the bond was $ 1,000. The maturity date is March 22, 2026, the coupon rate is 7% per annum with a semi-annual coupon period.

The organizers of the new placement were JP Morgan, Singapore investment bank DBS and Russian Aton. 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 be received by Russian companies.