Price of Telegram Bonds Falls More Than 10% After Durov’s Arrest

Telegram Group Inc. 7% 2026 bonds last traded with $1 million at a price of 85.750, according to TRACE data.

• An estimated $15.7m worth of the bonds traded today, 908% of the 30-day average; there were five trades reported by TRACE
  • The bonds yielded 17.81%
• Bonds traded on Aug. 23, with at least $1m at a price of 95.750, yielded 9.99% and had an option-adjusted spread of 604 basis points at the last trade
• Telegram Group 7% 2026 bond outstanding amount reached $2.35 billion, after several private tap placements after initial sale
• NOTE: Telegram’s CEO Pavel Durov was detained at ...