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Qatar Holding invests $200m in BlackBerry debt offer

: Sunday, November 10 - 2013 @ 00:00

Qatar Holding, the Gulf country’s sovereign wealth fund, is among a handful of investors that have put money into BlackBerry’s $1bn convertible debt offering, Reuters has reported, citing a source familiar with the financing plan. The fund bought $200m of the offering, in which Fairfax Financial Holdings, BlackBerry’s largest shareholder, has itself put in $250m. The embattled smartphone maker abandoned plans last Monday to sell itself and replaced its chief executive. It said it would raise $1bn by issuing convertible notes to a small group of long-term investors, including Fairfax, which is run by investment guru Prem Watsa.

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Sunday, November 10- 2013 @ 0:00 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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