Telegram has sold more than $1 billion in bonds to international investors, founder Pavel Durov announced Tuesday — with Russian Direct Investment Fund (RDIF) now among the owners of the bonds.
Telegram Group Inc., which owns the Telegram messenger, raised over a billion dollars after selling bonds to large investors. The founder of the messenger Pavel Durov announced this on his channel.
“This will enable Telegram to continue growing globally while sticking to its values and remaining independent. […] the end goal for Telegram is to become a financially sustainable project that can serve humanity for decades (or centuries) to come. Today’s news is another step towards that goal,” he wrote.
According to Forbes, the Russian Direct Investment Fund (RDIF) became the owner of the bonds of Telegram Group Inc. The company’s bonds were acquired by RDIF together with a partner – the Dubai investment fund Mubadala Investment Company. The representative of the fund told Forbes about this, without specifying what amount was invested.
However, Telegram Vice President Ilya Perekopsky in a comment to The Bell said that RDIF had not invested in the company’s bonds. “RDIF is not 100% among our investors,” Perekopsky told Meduza.
After that, RDIF and the Mubadala fund announced that on March 23, RDIF acquired a minority stake in the investments of the Arab fund Mubadala in Telegram bonds as part of the Russian-UAE investment platform.