Wall Street Journal: Telegram will raise $1.5 billion through bond transactions, investors include BlackRock, Mubadala and Citadel

Odaily News Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debt issued in 2021 and due next year. Investors include existing supporters BlackRock, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel.
Bondholders can convert to shares at a discount when Telegram goes public in the future. Although CEO Pavel Durov is restricted from leaving the country for allegedly failing to cooperate with the French police investigation, Telegram will achieve a profit of $540 million in 2024, with more than 1 billion monthly active users and more than 15 million paying users.