Fidelity [see profile] is raising some cash. On Monday the Boston-based mutual fund titan's parent, FMR LLC, revealed that it plans to issue $250 million of debt. So far, 766 investors had already bought $68.225 million of that debt since August 6.

Ned Johnson and his team did not reveal in the filing what they will use the cash for.

CityBizList in Boston picked up on the offering. 

Edited by: Neil Anderson, Managing Editor


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