Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Telegram secures $330 million in bond sales

by Uma Rajagopal
0 comments
2024 03 18T192150Z 1 LYNXNPEK2H0OP RTROPTP 4 TECH TELEGRAM scaled

(Reuters) – Popular messaging platform Telegram raised $330 million through bond sales last week, founder and CEO Pavel Durov said on Monday.

The offering was oversubscribed and terms of the bond were favorable for the company, Durov wrote on his own Telegram channel.

“The increased demand for our bonds shows that global financial institutions value Telegram’s growth in audience and monetization,” he wrote.

In an interview with the Financial Times last week, Durov said the company was “hoping to become profitable next year” as it moves closer to a stock market listing.

Durov said on Monday the bond sale “will further solidify our position as an independent platform that is able to challenge the “Goliaths” of our industry”.

 

(Reporting by Harshita Mary Varghese; Editing by Krishna Chandra Eluri)