By Sarka Halas
The European Union has set pricing on its benchmark-sized 2028 bond in the area of 70 basis points over midswaps, one of the banks running the deal said Monday.
Proceeds will be used under the Euro Medium Term Note Program, in connection with the European Union and International Monetary Fund aid package to Ireland.
Barclays, Credit Suisse, DZ Bank, Morgan Stanley, and Societe Generale are the lead managers on the deal.
The issuer is rated triple-A by all three ratings companies.
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(END) Dow Jones Newswires
June 25, 2012 11:35 ET (15:35 GMT)
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