@first
🗣 Telegram targets $1.5 billion to refinance debt
WSJ reports that Telegram will issue 9%-yield five-year bonds, with the aim to buy back 2021 debt. Investors include BlackRock, Mubadala, and Citadel.
The bonds can be converted to Telegram shares at a discount upon IPO.
Meanwhile, TON Foundation has appointed a former Visa Crypto VP for its payment division.
TON’s token is climbing on the news.
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