TON Price Increases After News of Telegram $1.5 Billion Bond Issue

The price of Toncoin (TON) temporarily rose by 5% after The Wall Street Journal reported that the Telegram messenger raised $1.5 billion by issuing new five-year bonds with a yield of 9%.

The deal took place despite ongoing legal proceedings against the platform's founder, Pavel Durov, in France. The investors who took part in the deal included such major financial players as BlackRock, Mubadala and Citadel. The funds raised will be used to repay the remaining debt on the previous bond issue, which was carried out in 2021 and is due to be paid in March 2026.

The company has previously bought out $400 million in debt for this issue. As before, the new bonds give holders the right to convert them into shares at a discount if the company enters the stock market. However, no plans for an IPO have been announced in the near future. Despite the criminal prosecution, Telegram has demonstrated sustainable development: in March 2025, the messenger's user audience reached 1 billion active users per month, and the number of paid subscribers exceeded 15 million. According to the WSJ, in 2024, the company's revenue was $1.4 billion, and net profit was $540 million.

Revenue is expected to increase to $2 billion and profit growth to over $700 million in 2025. Following the news from the Wall Street Journal, the TON price quickly responded with growth, but then corrected just as quickly. The token is currently trading around $3, ranking 20th in the CoinMarketCap rating with a market capitalization of $7.67 billion.