NewsBriefs - Telegram completes $1.7 billion bond sale, targets debt repayment and growth

May 29, 4:41 PM Bloomberg

Telegram completes $1.7 billion bond sale, targets debt repayment and growth

Telegram raised $1.7 billion through a bond offering with a 9% coupon, closing on May 28. The company plans to use $955 million of the proceeds to pay off existing bonds maturing in 2026, while allocating the remaining $745 million for operational costs and expansion. The offering, initially aimed at $1.5 billion, saw demand that significantly exceeded available allocations, demonstrating strong investor support. Core investors included BlackRock and Mubadala, with provisions for future stock purchases at a discount if Telegram goes public. Concurrently, Telegram is enhancing its platform's functionality through a tentative collaboration with Elon Musk's xAI, potentially integrating the AI service Grok.

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• Jul 11, 11:18 AM Cointelegraph

  SASAC in Shanghai considers policy response to stablecoins despite China's crypto ban

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• Jul 10, 4:26 PM The Block

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• Jul 10, 4:02 PM Ethereum Foundation

  Ethereum Foundation expands EcoDev to accelerate ecosystem growth

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• Jul 10, 4:23 AM Hyperliquid

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• Jul 10, 2:12 AM The Block

  YZi Labs collaborates with 10X Capital to launch BNB treasury company aiming for US IPO

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• Jul 9, 5:45 PM CoinDesk

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• Jul 8, 5:45 PM Bitcoin Sistemi

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• Jul 8, 2:23 AM The Block

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• Jul 7, 8:25 PM The Block

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• Jul 7, 2:00 PM The Block

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• Jul 7, 1:33 PM The Block

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• Jul 3, 9:12 PM Decrypt

  SEC pauses Grayscale ETF trading approval, citing regulatory concerns

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• Jul 2, 9:19 PM Bitcoin Sistemi

  KBC to offer Bitcoin and Ethereum purchasing options this fall

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• Jul 2, 5:24 PM The Block

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