Great Portland Estates has secured $200m (£128m) of debt through an issue of bonds in the US.

The placement of bonds was initially launched as $75m (£47m) but GPE said today the issue was more than five times over-subscribed.

The issue provides GPE with £128m of debt financing at a fixed interest rate of 4.59%. It consists of two tranches: $160m of senior notes due in 2019 and $40m of senior notes due to 2022.

GPE said that the notes were placed with institutional investors, more than half of which were new investors in the company.

Nick Sanderson, finance director at GPE, said: “This financing supports our already robust liquidity position and enhances our debt maturity profile, with no group level maturities until November 2015.

“Our strong track record in accessing debt funding on competitive terms from a range of sources reflects our focused business strategy, prime central London property portfolio and conservative capital structure.”

According to investment bank Jeffries, the financing is a sign that whilst UK investors are shunning REITs, the US markets “love them.”

GPE’s shares fell by 0.27% in early trading.