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Wireless

BlackBerry completes convertible debt issue

Thursday 14 November 2013 | 09:21 CET | News
BlackBerry announced that it has completed the previously-announced USD 1 billion private placement of convertible debt to Fairfax Financial and other institutional investors. According to regulatory filings, Canso Investment Counsel bought the most debt, at USD 300 million, followed by USD 250 million from Fairfax. Funds managed by Mackenzie Financial invested USD 200 million, USD 100 million came from Qatar's sovereign wealth fund, USD 70 million from Virginia-based Markel and USD 10 million from Brookfield Asset Management of Toronto, CBC reports. Funds managed by Manulife Financial also

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Categories: Mobile & Wireless
Companies: BlackBerry / Sybase
Countries: World
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