Telegram, a messaging platform, collected 1.7 billion US dollars by investors in a recent bond offer with a 9%voucher that was closed on May twenty eighth.
According to Bloomberg, the corporate will use a part of the proceeds to pay 955 million US dollars of debts from an earlier bond that was on tires in 2026. The remaining 745 million US dollars are a brand new capital for growth and operating costs.
The co -founder of Telegram, Pavel Durov, wrote in a telegram post:
“The response of investors was phenomenal. We are deeply grateful to the investment funds which have supported us through the years. Due to the strong demand, now we have expanded the provision beyond the initial 1.5 billion dollars – however the demand exceeded this far beyond what we could assign.”
Telegram continues to draw investors since the crypto-friendly messaging company expands its global reach and functions. The platform is commonly utilized in the crypto community and thought to be a vehicle to facilitate the mainstream acceptance.
Investors who take part in the sale, to which the asset manager Blackrock and Abu Dhabi investment company Mubadala belonged, have the chance to purchase telegram shares in a possible future IPO (IPO) with a reduction of 20%.
Telegram's provisional business with Musks Xai
The bond sales are followed by several recent developments from telegram, including a contract between the messaging company and Elon Musks Xai, the corporate for artificial intelligence behind Grok.
Telegram and Xai have agreed to grant telegram users access to GROK for 1 12 months, Durov wrote in a post on May twenty eighth. The company receives 300 million US dollars in money and equity and “50% of the income from Xai subscriptions which are sold on telegram”.
Musk later denied that a deal was signed between the 2 firms. According to Durov's answer, formalities in relation to the deal are “pending”.
Price for tonne floods in keeping with news concerning the Telegram and Xai partnership agreement. Source: Coinmarketcap
Toncoin (sound), the only real digital asset from Telegram, which was accepted for app services and, after the announcement of the partnership on May 28, has increased by over 20% to $ 3.69.
