Qatar Holding invests $200m in BlackBerry debt offer
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.