Telegram has сompleted the collection of bond bids, the demand has significantly exceeded the supply.
The order book for Telegram bonds was oversubscribed twice and reached almost $ 2 billion, a source familiar with the placement told Forbes.
The order book for Telegram bonds was oversubscribed twice and reached almost $ 2 billion, a source familiar with the placement told Forbes.
Another source among investors, who submitted applications, called the demand boom. One of the organizers of the placement told Forbes that by the evening of March 10, the book had been re-signed three times.
The yield range is 6-7%. Kommersant wrote that the Eurobonds planned to place in early March for five years. At the end of the term, they can be converted into Telegram shares with a 10% discount to the market price if it goes public. The minimum check is $ 50 million.
A note to investors issued by VTB My Investments says that the collection of applications ends on March 9 at 19:30, but VTimes sources claim that the last day was March 10.
Investors who submitted applications interviewed by Forbes also said that the collection of applications continued on March 10. One of them said that Telegram could increase its scope of the proposal to $ 1.5 billion.
Titan.
Titan.
• • •
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