Telegram raises $1.7 billion via bond offering

Telegram, a messaging platform, raised $1.7 billion from investors in a recent bond offering featuring a 9% coupon that closed on May 28.

According to Bloomberg, the company will use a portion of the proceeds to pay $955 million in debt from a previous bond issue set to mature in 2026. The remaining $745 million is fresh capital for growth and operational costs.

Telegram co-founder Pavel Durov wrote in a Telegram post:

“The response from investors was phenomenal. We are deeply grateful to the investment funds that have supported us over the years….