EU Social Debt Among 2020’s Most Coveted With $207 Billion Bids
- Bloc raised 14 billion euros from sale of 5, 30-year notes
- Draws one of biggest-ever orderbooks, after record first sale
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The European Union’s second social bond sale has proved to be another hit with investors.
The five- and 30-year debt offering attracted an orderbook in excess of 175 billion euros ($207 billion), according to a person familiar with the matter. While that’s about 60 billion euros short of a record set by the EU’s debut offering last month, it’s among the biggest ever. Investors on Tuesday were chasing 14 billion euros worth of bonds.