TechFlow news, May 28 — According to The Wall Street Journal, Telegram plans to issue at least $1.5 billion in five-year bonds with a 9% annual yield, despite CEO Pavel Durov facing charges in France for allegedly refusing to cooperate with investigations into illegal activities. Investors include existing bondholders BlackRock and Abu Dhabi’s state-owned investment firm Mubadala, as well as new investor Citadel, a hedge fund. Proceeds will be used to repurchase bonds issued in 2021 that are due in March next year.
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