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💰 Last week, we issued $330M worth of bonds to ensure Telegram can keep expanding at an accelerated speed.
This bond offering was oversubscribed, and we were delighted to have global funds of the highest caliber with impeccable reputations as participants. The terms of the bonds (when adjusted for the Federal Reserve rate) were the most favorable for Telegram in the history of our company.
I am proud that every time we issue bonds we get better at this process. The increased demand for our bonds shows that global financial institutions value Telegram’s growth in audience and monetization. This will further solidify our position as an independent platform that is able to challenge the “Goliaths” of our industry.
This bond offering was oversubscribed, and we were delighted to have global funds of the highest caliber with impeccable reputations as participants. The terms of the bonds (when adjusted for the Federal Reserve rate) were the most favorable for Telegram in the history of our company.
I am proud that every time we issue bonds we get better at this process. The increased demand for our bonds shows that global financial institutions value Telegram’s growth in audience and monetization. This will further solidify our position as an independent platform that is able to challenge the “Goliaths” of our industry.