BlackRock, a major Bitcoin holder, is reportedly joining Telegram's bond raise. Telegram plans to raise $1.5 billion on May 28 with support from BlackRock and Abu Dhabi’s Mubadala. Investors will be offered five-year bonds with a 9% yield. The funds will be used to buy back debt from 2021. New investors like Citadel are also expected to participate. Telegram's CEO hinted at positive news during his upcoming visit to Dubai. The bond sale offers a 20% discount on potential IPO shares. Despite no official statement, the sale has garnered interest due to credible investors. In a separate deal, Telegram partnered with xAI for AI integration. BlackRock and Telegram declined to comment on the bond raise. For more market insights, subscribe to the Markets Outlook newsletter. Read more AI-generated news on: https://app.chaingpt.org/news
BlackRock Participates in Telegram's $1.5 Billion Bond Raise
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