EU receives 150 bln euros of demand for first SURE bond sale - lead manager

Credit: REUTERS/Christian Hartmann

The European Union received 150 billion euros of initial investor demand on Tuesday for its sale of 10 and 20-year social bonds for its SURE unemployment scheme, according to a lead manager memo seen by Reuters.

AMSTERDAM, Oct 20 (Reuters) - The European Union received 150 billion euros of initial investor demand on Tuesday for its sale of 10 and 20-year social bonds for its SURE unemployment scheme, according to a lead manager memo seen by Reuters.

The 10-year bond, which will price at 3 basis points over the mid-swap level, received demand of over 95 billion euros, the memo said. The 20-year bond, which will price at 14 basis points over mid-swaps, received demand of over 55 billion euros.

Pricing is expected later on Tuesday. L8N2HB1PU

(Reporting by Yoruk Bahceli; Editing by Dhara Ranasinghe)

((Yoruk.Bahceli@thomsonreuters.com; +44 20 7542 7571; Reuters Messaging: yoruk.bahceli@thomsonreuters.com))

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