The founder of the social network “VKontakte” and Telegram Pavel Durov found money for the messenger, the businessman himself reported on this in his own channel. The largest buyers of convertible bonds Telegram were two investment components from the UAE.
“Another good news – I am pleased to report that Telegram has collected more than a billion dollars, selling the bonds of some of the largest and most informed investors from around the world,” said Durov.
According to him, the attracted investments will allow Telegram “to continue global growth, keeping its values and independence.”
Investment funds from the UAE Mubadala Investment Company and Abu-Dhabi Catalyst Partners have invested in Telegram paper 75 million dollars. The joint statement of funds speaks of “respect and admire the vision of the Pavl of the future of his company and the work of the team to create an exclusive product.”
RIA Novosti reported that the bonds also bought a sovereign Russian direct investment fund (RPI), which has a joint fund with Mubadala. However, Telegram Vice President Ilya Perepopsky denied Telegram-channel RBC This information.
Five-year-old Bonds Telegram Group were posted on March 12. Paper nominated in dollars, a coupon rate on them is seven percent. The minimum lot for participation amounted to 500 thousand dollars. In the future, the exit of Telegram on the stock exchange in investors the ability to convert bonds in the shares of the messenger.
As one of the main reasons for the placement of the analysts, the need of Telegram in funds to repay obligations to the Investors of the Ton Platform Investors, which could not be launched due to complaints from the US Commission and Exchange Commission (SEC).