The Telegram, the giant messaging linked to tons of tons, looks like to raise $ 1.5B by selling the bond: WSJ
Telegram messaging platform raises at least $ 1.5 billion through a new bond offer.
The firm raises funds by a five -year bond with a 9% yield, which captures interest from both returning investors like the world’s largest asset manager Blackrock and the Soberan wealth fund of Abu Dhabi, as well as new entry including the hedge fund Citadel, the Wall Street Journal reports mention resources with deals.
The proceeds will be used to re -buy the debt from the previous issue of the Telegram bond in 2021, due to next March. New bonds will be replaced with equity with a discount if the Telegram is going public.
The Telegram was originally developed Layer 1 network TON, before making it an independent operation. In April, tokenization Firm Free said it plans to pokenize the $ 500 million worth of debt on the ton ton as Telegram Bond Fund (TBF).
Read more: Telegram ton takes on Real World assets with $ 500m tokenized bond funds for free
Telegram has been reported with more than 1 billion monthly active users and 15 million paid subscribers, with The figure doubled In one year according to Durov.
Finance, the firm became a corner in 2024, reporting a $ 540 million income to $ 1.4 billion income, from a $ 173 million loss in 2023, WSJ wrote. It projects more than $ 700 million for 2025.
Telegram has grown its income by expanding the ad business and introducing features such as in-app digital gifts and a platform for developers to build apps and bots.
Telegram and Citadel did not respond immediately to the requests for the comment.
