Peskov said RDIF’s investment in Telegram is not a question for the Kremlin

The acquisition of the bonds of Telegram Group Inc by the Russian Direct Investment Fund (RDIF) is not a matter for the Kremlin, but any successful investment and myfreemp3 is welcome, the press secretary of the Russian President Dmitry Peskov told reporters.

“This is not our question. This is the question of the fund,” said Peskov.

To clarify whether the Kremlin welcomes these investments by the RDIF, Peskov said: “Any successful investment that brings in money within the framework of existing laws is welcome.”

“RDIF is not a private fund, but it has a certain independent maneuver in terms of investment, they have joint investment platforms for co-investment with foreign partners in different countries, many processes there occur automatically,” the presidential press secretary concluded.

Earlier it was reported that the Russian Direct Investment Fund became the owner of the bonds of Telegram Group Inc., which can be converted into shares of the company in the event of its IPO.

Telegram Group Inc., which develops the Telegram messenger, last week placed five-year bonds worth $ 1 billion at 7% per annum. The owners of the bonds will have the right to convert them into Telegram shares in the event of the company’s IPO with a 10% discount to the placement price, a representative of one of the investment funds that received an offer to participate in the deal told Interfax.

On Tuesday, the UAE sovereign fund Mubadala announced that it had bought Telegram convertible bonds for $ 75 million, the same amount was invested by Abu Dhabi Catalyst Partners.

Mubadala is a traditional partner of RDIF. A representative of the Russian sovereign wealth fund on Tuesday confirmed to reporters that he participated in the investment in Telegram together with Mubadala, without specifying the size of the investment. Following this, a Telegram representative, whose relations with the Russian authorities have traditionally been quite tense, denied RDIF’s participation in the placement of bonds, which did not go through stock exchanges.

In turn, RDIF and Mubadala issued a joint commentary explaining that the Russian sovereign wealth fund had acquired a “minority stake” in Mubadala’s investment in Telegram bonds within the framework of the the placement of bonds took place the day before, March 22). After that, Telegram spokesman Mike Ravdonikas, quoted by Bloomberg, admitted that RDIF could buy a “small volume” in the secondary market, while emphasizing that the rights of bondholders are limited and they cannot have any influence on the company’s strategy.