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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

BlackBerry Ltd: Qatari sovereign fund invests in US$1-bln debt offering

Posted on 08 November 2013

When the chips are down you find out who your real friends are, and it’s not always who you think. That’s the way it’s turning out for beleaguered smartphone maker BlackBerry Ltd., which has negotiated a lifeline from the Qatar’s s sovereign wealth fund, one of the world’s most aggressive deal sleuths.
Qatar Holding LLC, a foreign arm of the Qatar Investment Authority, will buy about US$200-million of an offering of convertible debentures announced by BlackBerry earlier this week, according to a report by the Sovereign Wealth Fund Institute………………………………………..Full Article: Source


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