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Derwent's £150m deal shows CBs still hot property

Equity-linked products continue to prove popular for real estate issuers looking to diversify their funding methods. The latest to do so is Derwent London, a £2.5bn market capitalisation UK real estate investment trust that focuses on offices, which raised £150m on Wednesday through a six-year convertible bond, pricing at the best terms for the issuer amid strong demand.

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