BlackBerry gets investment boost from Manulife
Posted Nov 11, 2013 05:49:36 AM.
This article is more than 5 years old.
Portfolio managers of mutual funds handled by Manulife Asset Management are investing 70 million dollars into a one-billion-dollar bond for BlackBerry.
Markel Corporation and Brookfield Asset Management both pared back their planned investment in the bond offering to make room in the deal.
BlackBerry’s largest shareholder — Fairfax Financial — is leading the debt financing, which includes Mackenzie Financial, Canso Investment Counsel and Qatar Holding.
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