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Telegram raised $1 billion through the sale of bonds

Telegram sold bonds to some of the largest and most significant investors from around the world.

Published 1 min read

The Tech AI

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Pavel Durov confirmed the sale of Telegram bonds to investment companies Mubadala and Abu Dhabi Catalyst Partners for $150 million. The funds will be used to grow the messenger and implement non-intrusive monetization. If an IPO takes place within five years, bondholders will be able to convert their debt into shares at a 10% discount. Previously, it was reported that the company was not preparing for a stock market listing.

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