18:10, 22 March 2021
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Telegram placed bonds worth $1 bn
The yield on the securities is 7% per annum.
The bonds were offered at par, the RBC agency reports, citing sources. The bid book was closed last week. The minimum lot was $500,000. The maturity date is 2026, with the first coupon payment scheduled for September this year. The face value of one security is $1,000, and the coupon period is six months.
Bond holders can opt to convert them into shares at a 10% discount to the offering price if the company goes ahead with an IPO. Being the organizer of the placement, Telegram had several agents. In Russia, those are VTB Capital and Aton. The source also informed that Alfa Capital is among the agents.
Source: RBC agency.