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Eton, school of Britain's elite, issues first debt private placement

Pupils huddle during the Eton Wall Game at Eton college in Eton, near LondonBy Estelle Shirbon LONDON (Reuters) - Eton College, the exclusive British boarding school where boys have to wear tailcoats to lessons, has issued its first private placement of debt, borrowing 45 million pounds ($70 million) to help needy pupils with fees and build new facilities. The alma mater of Prime Minister David Cameron and 18 of his predecessors holds a special place in British national identity. Set in a leafy campus by a curve in the River Thames near Windsor, west of London, the 575-year-old boys' school also counts Princes William and Harry, London Mayor Boris Johnson and Archbishop of Canterbury Justin Welby among its alumni.


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