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EU to raise 17 bln euros from first SURE bonds with record demand - lead managers

·1 min read

AMSTERDAM, Oct 20 (Reuters) - The EU will raise 17 billion euros from its first sale of social bonds to back its SURE unemployment scheme on the back of record investor demand, according to lead manager memos seen by Reuters.

The EU will sell 10 billion euros of 10-year bonds and 7 billion euros of 20-year bonds, according to the memos.

The 10-year bond received 145 billion euros of final demand, the memos said, on its own the largest ever for a bond sale in the region. The 20-year bond received another 88 billion euros of demand.

Pricing is expected later on Tuesday at levels announced earlier. (Reporting by Yoruk Bahceli, editing by Karin Strohecker)