Telegram citadel, which raises $ 1.5B in Bond Sale, joins Blackrock and supports the transaction: WSJ

By Crypto Gloom On May 28, 2025

Main takeout

Telegram raises $ 1.5 billion in bond issues supported by investors, including Citadel and Blackrock.
Bond issues will help to turn the previous debt as the telegram faces the legal issue of France.

Telegram, a popular messaging platform, is preparing to issue at least $ 1.5 billion on a new bond on Wednesday, which has gained promises from new investors including Citadel on Wednesday and founded creditors such as BLACKROCK and Mubadala, Wall Street Journal reported on Wednesday.

According to the report, bonds will have a five -year period with a 9%return. The proceeds from the proposal of bonds will be used to purchase 2021 bonds of Mature Telegram in March 2026. About $ 400 million in the initial debt has already been repurchased.

If Telegram pursues the competition, investors will have an option to discount their debts and switch to stocks.

This transaction indicates that the investor is convinced of Telegram’s financial trajectory and user growth despite the legal uncertainty of the founder, Pavel Durov.

Durov faced preliminary charges in France, which is believed to have refused to cooperate with illegal activities on the platform.

Last year, after receiving detention and investigation in France, Durov was approved for the investigative judge temporarily leaving France.

In a statement after returning to the United Arab Emirates, where Telegram’s headquarters and operations are located, he said he not only met Telegram but also exceeded legal expectations for proper, cooperation and crime prevention.

Ahead of the bond proposal, Telegram reported $ 550 million in 2024 and cited a company presentation shared with potential investors, according to the Financial Times.

Profit is a rapid treatment time due to the loss of $ 173 million in the previous year, and its profits have surged to $ 1.4 billion, mainly led by premium subscriptions, advertising and partnerships related to the tone blockchain ecosystem.

According to Coingeko Data, this presentation triggered a rally of Toncoin (TON), an encryption asset related to an open network, and rose to $ 3.2 immediately after the news.

Ton previously responded to the development of Telegram and CEO. In August, the token rebounded after 18% plunged after Durov was arrested.

Also on Wednesday, the TON Foundation announced that it has appointed a former Visa executive Nikola Plecas as a vice president of payment to lead the global payment strategy.

Plecas will focus on improving payment functions within the Open Network (TON) and supervision of partnership management, especially ton and Telegram.