Telegram has raised $1.7 billion through the issuance of convertible bonds with a 9% annual interest rate, aiming to refinance existing debt and support platform development. The funds will buy back $955 million in bonds and allocate $745 million for growth. Investors have the option to convert bonds into shares at 80% of the IPO price if Telegram goes public before maturity. The bond issue concluded on May 28, with settlements set for June 5.

source: Telegram Info Channel

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