Blackrock, one of the largest Bitcoin holders in the world, has been reported participating in a bond increase through a crypto-friendly telegram messenger.
Telegram is expected to raise at least $ 1.5 billion in a bond issue on May 28, with support from existing supporters such as Blackrock and Abu Dhabi’s investment firm Mubalad, The Wall Street Journal reported.
As part of the sale, Telegram offers investors a five-year bond in a 9% harvest, the report said, citing resources familiar with this matter.
Telegram plans to use proceeds to buy outstanding debt from bonds Issued In 2021, which was due to adults in March 2026.
Discounts for Potential Telegram IPO
Aside from existing Telegram bondholders such as Blackrock and Mubado, the sale is also expected to bring new investors, including the US Hedge Fund Citadel firm.
WSJ report arrives Sunday after Bloomberg first reported With the sale of the Telegram bond in late April, along with resources saying the company was holding investor meetings about a bond sale worth about $ 2 billion to re -grant the debt offering from 2021.
According to In The Financial Times, the new Telegram bond bond will allow investors to buy shares in a potential initial public offering a 20% discount, reflecting the terms of previous bond sales.
This is a storytelling; Further information will be added as it is available.
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