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by JumpCrisscross
1071 days ago
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> How much revenue do they need to generate for $250M investment $30 to 40 million for interest on this issue. Telegram sold $1bn of bonds in March 2021, when rates were 25 bps, with a 7% coupon [1]. Rates are now 5.25%. Their new bonds should thus yield 12%+. That implies a total annual interest bill over $100 million, with a refinancing in 2026 on $1bn. Not ideal. [1] https://bondblox.com/news/messaging-app-telegram-sells-bonds... |
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