Telegram founder responds to market doubts: the company's capital structure has nothing to do with Russia

Telegram founder Pavel Durov posted on the X platform on January 7, responding to the recent FUD surrounding Telegram. Durov stated that Telegram has no connection to Russia in its capital structure, and that there were "absolutely no Russian investors" involved in its recent $1.7 billion bond issuance.

He further pointed out that the old debt issued by Telegram in 2021 has been largely repaid and does not pose a current risk. He also emphasized that bondholders are not equivalent to company shareholders, and that he remains the sole shareholder of Telegram, with no direct relationship between bonds and equity.