Telegram Secures $330 Million in New Funding via Bond Offering

Telegram Secures Substantial Investment Through Oversubscribed Bond Offering

In a recent announcement on his channel,‌ Telegram’s founder and CEO, Pavel Durov, revealed that the⁤ company had raised an impressive $330 million through⁣ bond sales last week. The ⁣offering was met ‌with great enthusiasm from investors,⁣ resulting in favorable terms for the company.

This bond offering was oversubscribed, and we were delighted to have global funds of the highest caliber with impeccable reputations as participants. The terms ‍of the bonds (when adjusted for the Federal Reserve rate) were the most favorable for Telegram in the history of our company.

While Durov refrained from disclosing the names of the institutions that invested in the platform, he emphasized that global financial institutions recognize and appreciate the company’s growth trajectory.

Telegram’s Path to Profitability and Potential IPO

In a recent interview with the Financial Times, Durov shared his vision for Telegram’s future, stating that the company aims to ⁢achieve profitability by next year. Additionally, he mentioned that Telegram is exploring the possibility of going public, viewing it as a means to democratize access to the⁣ company’s value.

Bond Details and Telegram’s Growing ‍User Base

According to sources familiar with ​the deal, the current yield of‌ the bonds is ​7.7%, with a⁤ maturity date set for either 2026 or when Telegram⁤ goes public, whichever comes first. The bonds were issued ‍at a price of $91, a significant ⁣increase from the previous issue’s‌ price of $78.

Telegram, which boasts a user ⁤base of over 900 million, has been introducing⁤ new revenue streams in⁤ recent years, including advertising, username sales on the blockchain, and premium ⁢subscriptions. The company recently announced that personal users can now ⁣convert their ⁤accounts to business accounts by paying a subscription fee, further ⁣diversifying its revenue sources.

This latest bond ⁤offering, ⁤which follows a $210 million ​bond sale ⁣last year, demonstrates the growing confidence of investors in Telegram’s potential for growth and profitability. As the company continues to expand its user base and explore new‍ opportunities, it⁤ is well-positioned to maintain its independence and deliver value to its users and ​investors alike.