Located at an altitude of 600 ft. and at a distance of about 15 kilometres from Munnar, Kerala, Echo Point is situated right in the lap of a quaint lake and misty hills covered with lush green trees. As the name suggests, this place is well known for its enthralling illustration of the phenomenon of echoing. As you scream, it is fun to hear your voice reverberate around the attraction again and again. 🇮🇳@India | @Indian🇮🇳
Located at an altitude of 600 ft. and at a distance of about 15 kilometres from Munnar, Kerala, Echo Point is situated right in the lap of a quaint lake and misty hills covered with lush green trees. As the name suggests, this place is well known for its enthralling illustration of the phenomenon of echoing. As you scream, it is fun to hear your voice reverberate around the attraction again and again. 🇮🇳@India | @Indian🇮🇳
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
