Telegram Secures $1.5 Billion Bond Offering: BlackRock, Citadel Join Forces

TeleGraph has secured a substantial $1.5 billion bond offering, attracting interest from major institutional investors like BlackRock, Mubadala, and hedge fund Citadel. This five-year bond issuance offers a 9% yield, according to sources cited by the Wall Street Journal. The capital raised will primarily be used to repay existing debt from Telegram’s 2021 bond issuance, set to mature in March 2026. Notably, these new bonds include an option for investors to convert their holdings into equity at a discounted rate if Telegram pursues an initial public offering (IPO).