tg-me.com/ReadChina/106302
Create:
Last Update:
Last Update:
中国经济下行重创金融市场 关税战下雪上加霜
https://www.epochtimes.com/gb/25/5/12/n14506487.htm
BY 聚焦中国
Share with your friend now:
tg-me.com/ReadChina/106302
tg-me.com/ReadChina/106302
Share with your friend now:
tg-me.com/ReadChina/106302
View MORE
Open in Telegram
聚焦中国 Telegram | DID YOU KNOW?
Date: | 聚焦中国
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%.
The Singapore stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day winning streak in which it had added more than a dozen points or 0.4 percent. The Straits Times Index now sits just above the 3,060-point plateau and it's likely to see a narrow trading range on Monday.
聚焦中国 from us