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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment

Qatari fund invests in BlackBerry debt offer

Posted on 07 November 2013

Qatar Holding LLC is among a handful of investors that have put money into BlackBerry’s $1 billion convertible debt offering, a source familiar with the financing plan said on Wednesday. The Qatari sovereign wealth fund bought as much as $200 million of the offering, in which Fairfax Financial Holdings Ltd, BlackBerry Ltd’s largest shareholder, has itself put in $250 million.
The embattled smartphone maker abandoned plans on Monday to sell itself and replaced its chief executive, sparking a 16 percent drop in its share price. It said it would raise $1 billion by issuing convertible notes to a small group of long-term investors, including Fairfax, which is run by investment guru Prem Watsa………………………………………..Full Article: Source


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