MADRID, Jan 10 (Reuters) - A 10-year Spanish bond sale on Wednesday could achieve record demand of over 130 billion euros , a memo from a lead manager seen by Reuters showed.
If confirmed once the bond sale is completed later on Wednesday, it would surpass a record 97 billion euros in demand for a Spanish bond sale at the height of the COVID-19 pandemic in 2020.
Bond sales elsewhere in Europe have also attracted strong demand this week, providing good news for governments as they face high funding needs, and reflecting appetite from investors who expect hefty central bank rate cuts this year.
Belgium saw a record 72 billion euros of demand for a 10-year bond sale on Tuesday, while Italy attracted nearly 150 billion euros of demand for two bonds.
Spain's bond, maturing on April 30, 2034, will price at a yield spread of 9 basis points above Spain's outstanding bond due in October 2033, the memo said, down from around 11 basis points when the bond sale kicked off earlier on Wednesday.
The country, which intends to issue 55 billion euros worth of government bonds this year, hired Barclays, BBVA, Credit Agricole, Deutsche Bank, JPMorgan and Santander to sell the new bond.
($1 = 0.9142 euros) (Reporting by Inti Landauro and Yoruk Bahceli, editing by Emma Pinedo and Barbara Lewis)
