Blackrock, Citadel, MUBADALA on the deck to sell Telegram bonds of $ 1.5 billion with 9 % return
The encrypted correspondence platform is the Telegram platform is scheduled to collect at least $ 1.5 billion by issuing bonds this week. The social application is looking to attract financial companies against the background of the legal problems facing their founder and CEO Pavel Douro in France, according to the exclusive Wall Street Journal, citing individuals familiar with the deal.
The five -year bonds will carry 9 % returns, and are expected to attract great attention to investors, including obligations from financial institutions such as Blackrock, Citadel, and Abu Dhabi’s Svereign Wealth Fund Mubadala.
the VersionTELEGRAM is scheduled to help buy the current debt that stems from the bonds issued in 2021 in March next year. The company has already reshaped approximately $ 400 million of this previous debt using cash reserves.
Telegram issues selling bonds for public subscription
The Telegram version can give investors the option to convert their bonds into royal rights if Telegram launches a preliminary general offer. However, given how volatile financial markets are currently fluctuating and the legal issue that has not been resolved against Dorov, it seems unlikely to be a general offer in the near future.
Dorov, a Russian businessman born with a double citizenship in France and the United Arab Emirates, is currently being investigated by French authorities Because of his failure to cooperate with investigations into illegal content on the platform, including pornography for children.
The CEO addressed a video audience at a conference in Oslo on Tuesday. “We have complied with all the binding legal requests we received. Even this day, we do not understand what we did wrongHe claimed, convinced that Telegram had fulfilled its legal obligations.
Investors can look at the past legal risks
Despite the serious charges against the founder, investors still trust Telegram’s ability to generate long -term profits. In 2024, Telegram made $ 540 million of $ 1.4 billion sales, according to people familiar with the company’s financial records. These numbers are a significant improvement from last year, when the company lost $ 173 million for $ 342 million of revenue.
The company has also expected continuous growth, as it tells investors that it expects to make a profit for more than $ 700 million on two billion dollars in revenue in 2025. These numbers come amid the standard user base in Telegram.
In March, Dorov announced that the application had reached one billion active monthly users. On Tuesday, it is He said His followers on X who paid subscriptions exceeded 15 million, more than twice as much as the previous year.
Dorov, the birth of Dubai, repeats allegations against the French government
Soon after the reports of the bond deal and the company’s financial numbers broke out, Dorov published a brief message about X, saying: “I will be in Dubai in the first week of June, good news in front of her“If the trip is checking, he will celebrate Dorov’s second visit to Dubai since his arrest in France in August 2024.
I will be in Dubai in the first week of June – good news in the future.
Durov May 28, 2025
His previous visit took place in March after a French court granted him a temporary permission to leave the country. Since then, the French authorities have restricted his movements across the French border.
Earlier in the week, he repeated Dorov Allegations French intelligence attempted to pressure him to interfere in the presidential elections of Romania by targeting conservative telegram channels.
Speak via video in Oslo Freedom ForumIt is the pillar, “He has already asked me by the French intelligence chief, Nicholas Lerner, to stop the conservative Roman telegram channels before the elections.“
The statement, which was conducted after the French judicial authorities rejected Dorouf to attend the event personally, contradicts a previous denial by the Foreign Intelligence Agency in France, DGSE.
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