Telegram, a messaging platform, raises $ 1.7 billion from investors to a bond offered featuring a 9% coupon closed on May 28.
According to BloombergThe company will use a portion of the proceeds to pay $ 955 million in debt from a previous bond issue set in adults in 2026. The remaining $ 745 million is fresh capital for growth and operating costs.
Telegram co-founder Pavel Durov wrote on a telegram Post:
“The response from investors is amazing. We are very grateful to the investment funds that have supported us in recent years. Due to strong demand, we have expanded the offer beyond the initial $ 1.5 billion – however the demand has exceeded what we can allocate.”
The Telegram continues to attract the investor’s attention as the crypto-friendly messaging company expands its global stretch and features. The platform is widely used in the crypto community and is seen as a vehicle to facilitate mainstream adoption.
Investors Participating in saleThat includes the manager of the asset Blackrock and Abu Dhabi investment firm Mubalad, has the option to buy telegram shares in a potential future public offering (IPO) in a 20% discount.
Related: Telegram’s largest darknet market exists’
Telegram’s temporary deal with Musk’s Xai
The sale of the bond follows some recent development from Telegram, including a deal between the messaging company and Elon Musk’s Xai, the artificial intelligence company behind Grok.
Telegram and Xai have been reported Sumang -agree to give access to Telegram users To grok for 1 year, Durov wrote on a 28th X Post. The company will receive $ 300 million in cash and equity from Xai and “50% of income from Xai subscriptions sold via Telegram.”
Musk later declined That a deal between the two companies was signed. According to Durov’s ResponseThe formalities in the deal “are pending.”
Toncoin (Ton), Telegram’s Sole Digital Asset accepted for app servicesrose more than 20% to $ 3.69 on May 28, following the cooperation announcement.
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