Odaily Planet Daily reported that Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debts issued in 2021 that are due next year. Investors include existing supporter BlackRock, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel. Bondholders can convert their bonds into shares at a discounted price when Telegram goes public in the future. Although CEO Pavel Durov has been restricted from leaving the country due to allegations of non-compliance with a French police investigation, Telegram is expected to achieve a profit of $540 million in 2024, with monthly active users exceeding 1 billion and paid users surpassing 15 million. The Wall Street Journal