Telegram Weighs $2 Billion Bond Sale to Refinance 2021 Debt

Telegram is holding investor meetings about a bond sale worth about $2 billion as the social media app seeks to refinance its debut debt offering from 2021, according to people familiar with the situation.

The messaging service’s managers are holding discussions on offering the new notes with a number of interested parties, said the people, who declined to be identified because they aren’t authorized to speak publicly. The proceeds may be used to refinance a dollar bond due next March.

With 1 billion active users, Telegram has drawn the ire of authorities from the European Union to Iran over content ...