12:14 - 25.10.2023
October 25, Fineko/abc.az. Russian broker BCS has started offering clients to buy Telegram bonds on the secondary market, which were issued in 2021.
ABC.AZ reports that investors will have the opportunity to convert them into shares if the company conducts an IPO (initial public offering of shares) scheduled for 2025.
Buyers will be able to convert the nominal value of the bonds into shares at Telegram IPO, which is scheduled for the II - III quarter of 2025.
The conversion is planned at a discount: a 10% discount if the IPO takes place before March 2024, a 15% discount if the IPO takes place before March 2025 and a 20% discount if the IPO takes place before March 2026.
In case of cancellation of the initial public offering, investors are promised to repay the bonds in 2026 anyway.
