Telegram is set to raise $1.5 billion through the issuance of five-year bonds at a 9% annual interest rate. The funds will be used to repurchase debt maturing next year. Key investors include BlackRock, Mubadala, and Citadel. Bondholders will have the option to convert their holdings into shares at a discount if Telegram goes public. Despite legal challenges faced by CEO Pavel Durov, Telegram reported a profit of $540 million in 2024, boasting over 1 billion monthly active users and 15 million paying subscribers.