EU Bond Demand Tops $200 Billion, More Than 10 Times Sale Amount
- Bloc selling 15 billion euros of five- and 30-year debt
- Debut 10-year sale in June saw 142 billion euros of demand
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The European Union notched up more than 171 billion euros ($203 billion) of orders for its second sale under its NextGenerationEU program, expanding efforts to build a curve of securities dedicated to funding its recovery from the coronavirus pandemic.
The EU offered nine billion euros of five-year debt and six billion euros of 30-year debt Tuesday, meaning that orders topped the amount available more than tenfold, even though demand for each security fell shy of its first sale of 10-year bonds earlier this month.