The European Union said it would launch a bond sale of 10-year notes by next week to raise funds for bailouts for Ireland and Portugal.
Bankers expect strong demand next week.
"This is a European bond that has the backing of the whole region, yet it offers a decent yield pick-up over Germany," One investor told Financial Times.
The sale of 10-year notes expected next week is expected to include yields of 3.6 percent to 3.7 percent, with a sale that will generate up to $7 billion.
A second sale of five-year bonds is expected to take place the following week.
Two funding facilities set up by the EU Commission, the European Financial Stabilisation Mechanism and the European Financial Stability Facility are set to issue the AAA-rated bonds with a total of 14 sales this year, including the EFSF sales in January and March, both of which were a success, the Times reported Friday.