Telegram Bond Sale Lures BlackRock, Citadel Into $1.5B High-Yield Bet – Despite CEO Probe
Key Takeaways: Telegram is raising $1.5 billion through a bond sale, with backing from BlackRock, Citadel, and Mubadala. CEO Pavel Durov is under investigation in France and remains unable to travel. The proceeds will go toward repurchasing 2021 bonds, with the new debt offering a 9% yield and potential equity conversion. Telegram is proceeding with […]