The messaging app is set to raise funds from both new and existing backers.

Proceeds from the bond sale are earmarked to retire approximately $1 billion in debt from bonds issued in 2021, with Telegram having already repurchased around $400 million of those bonds using ...

Telegram is expected to raise at least $1.5 billion in a bond issue on May 28, with support from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala, The Wall Street Journal ...

The notes carry a 9% coupon, two percentage points above Telegram's previous $2.35 billion bond issued in 2021. Telegram passed $1 billion in revenue last year and holds over $500 million in cash ...

TBF will offer accredited investors exposure to some of the around $2.35 billion of outstanding bonds issued by Telegram, providing institutional-grade yield products that will also be available ...

The proceeds will be used to retire Telegram's earlier debt, specifically, bonds issued in 2021 that mature next March. Also Read: Dogecoin, Shiba Inu And Other Meme Coins Are Entry Points To ...

Telegram’s new bond issuance builds on the success of its 2021 offering but with even more attractive terms. The new bonds carry a 9% coupon rate-up from 7%-and are set to mature in 2030.

Telegram is set to price the five-year bond at a 9% yield, the people said. It plans to use the proceeds to buy back remaining debt from bonds it issued in 2021 , which are due to mature next March.