Telegram Raises $1.7 Billion via Convertible Bonds for Debt Management

Telegrams is employing a strategic debt management strategy, issuing convertible bonds worth $1.7 billion. The bonds will be used to restructure existing obligations and finance growth initiatives, including the repurchase of previous bonds. The move is significant as it involves major investors like BlackRock, Mubadala, and Citadel. The company’s bond issuance suggests a strategic shift in financial management, potentially impacting its market position and cryptocurrency valuation. 2% decline was noted immediately following the announcement in Toncoin, the company’s cryptocurrency. This indicates investor response to Telegram’s debt strategy.