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中国洪灾从 #华南 蔓延到 #东北! 水库泄洪再酿 #人祸 婆婆惨遭活埋
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水库泄洪引发民怨,而此时 #中共官媒摆拍正浓。受灾区域从华南蔓延到华中,东北的 黑龙江 也出现洪水;湖南省 怀化市、江西省九江市分别发生多起山体滑坡,共造成10人死亡。福建龙岩有村民指控水库泄洪

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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%.

Importantly, that investor viewpoint is not new. It cycles in when conditions are right (and vice versa). It also brings the ineffective warnings of an overpriced market with it.Looking toward a good 2022 stock market, there is no apparent reason to expect these issues to change.

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