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RDIF Invested in Telegram Together With Mubadala, Spokesperson Says

© Sputnik / Kirill Kallinikov / Go to the mediabankTelegram messenger service on a monitor screen
Telegram messenger service on a monitor screen - Sputnik International, 1920, 23.03.2021
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MOSCOW (Sputnik) - The Russian Direct Investment Fund (RDIF) invested in Telegram messenger together with UAE sovereign fund Mubadala Investment Company, a spokesperson of the Russian fund told Sputnik.

"The fund participated in the investment in Telegram together with Mubadala Investment Company," he said.

Bloomberg reported earlier in the day that UAE sovereign wealth funds Mubadala Investment and Abu Dhabi Catalyst Partners had invested $75 million in Telegram's five-year convertible bonds.

Telegram messenger logo on a tablet screen. (File) - Sputnik International, 1920, 18.02.2021
Telegram Mulls $1Bln Bond Offering for Selected Investors, Reports Say
Earlier, a source in the financial market told Sputnik that Telegram had placed five-year convertible bonds in the amount of $1 billion with a yield of 7 percent per annum.

Holders of the bonds will then be able to convert them into shares in the company in the event of Telegram's IPO at a 10 percent discount to the offering price.

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