March 31, 2021

GLAS Capital Markets Team Appointed on Billion-Dollar Bond Issuance for Debut Issuer Telegram Group Inc.

March 2021, London

GLAS was recently appointed in various capacities including Principal Paying Agent, Registrar, Transfer Agent and Settlement Agent for debut Issuer Telegram Group Inc.’s private placement of over $1 billion senior-unsecured pre-IPO convertible bonds. Telegram has raised over $1 billion through bond sales to multiple investors due in 2026. The Bonds include a mechanism providing bondholders, in the event of a Telegram IPO, with an option to redeem their bonds for Telegram shares at a discount to the IPO issue price.

Telegram Group Inc. is a messaging service company.

For more information, please contact media@glas.agency.

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GLAS is a pioneer in the non-bank loan agency, structured finance & corporate trustee market place. As an independent and conflict free service provider, we are focused on providing streamlined solutions to complex transactions with the ability to work on deals which may be in distress, pre or post-restructuring or unusual in nature.