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Great Portland raises debt in US
Property specialist Great Portland Estates (GPE) has raised $200m (£128m) of debt through an issue of bonds in the US, to fund further developments in London. The firm said it originally set out to raise $75m (£47m) but was more than five times oversubscribed. GPE said the notes were placed with institutional investors, with more than half of them new to the company. The debt has a fixed interest rate of 4.59 per cent.