PANews reported on May 28 that according to the Wall Street Journal, Telegram plans to issue at least $1.5 billion in five-year bonds with an annual interest rate of 9% to repurchase debts issued in 2021 and due next year. Investors include existing supporters Blackstone Group, Abu Dhabi sovereign fund Mubadala, and newly joined hedge fund Citadel. Bondholders can convert to shares at a discount when Telegram goes public in the future. Although CEO Pavel Durov was restricted from leaving the country for allegedly failing to cooperate with the French police investigation, Telegram achieved a profit of $540 million in 2024, with monthly active users exceeding 1 billion and paying users exceeding 15 million.