AMSTERDAM, June 24 (Reuters) - Austria was set to sell a new 100-year bond on Wednesday, on the back of demand nearly nine times the amount being sold, according to a lead manager.
The country received 17.7 billion euros of demand for the bond, according to a lead manager update seen by Reuters, which will raise 2 billion euros for a yield of 0.88% as announced earlier.
850 million euros of demand came from the lead managers, the update said.
The bond, due to price later on Wednesday, will offer a coupon of 0.85%, according to the update.
Barclays, BofA, Deutsche Bank, JP Morgan, Natwest Markets and UniCredit are managing the sale. (Reporting by Yoruk Bahceli, Editing by Abhinav Ramnarayan)