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Telegram Raises $1.5B in Bond Sale Backed by BlackRock, Mubadala, and Citadel

Telegram Raises $1.5B in Bond Sale Backed by BlackRock, Mubadala, and Citadel

Global Cryptocurrency
Release Time:
2025-05-29 01:11:01
0

Telegram has secured $1.5 billion through a bond issuance, attracting heavyweight investors including BlackRock, Mubadala, and Citadel. The five-year bonds offer a 9% yield and include a 20% discount on shares in the event of a future IPO. Funds will primarily refinance existing debt from a 2021 bond issuance maturing in March 2026.

The messaging platform’s premium subscriber base doubled to 15 million users within a year, signaling robust growth. While an immediate IPO remains unlikely due to market volatility and regulatory hurdles, the bond terms strategically position institutional investors for equity conversion. Founder Pavel Durov hinted at an impending major announcement, further fueling speculation about Telegram’s next moves.

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