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.
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