C.Agricole draws strong demand for LT2 bond -IFR

LONDON May 27 (Reuters) - Orders for Credit Agricole's (CAGR.PA) planned 10-year subordinated Lower Tier 2 benchmark bond are over 2 billion euros ($2.8 billion), IFR reported on Wednesday.

Guidance on the bond remains mid-swaps plus 225 to 230 basis points, added IFR.

The sale of the bullet bond, which has no call date, is being managed by Calyon, Deutsche Bank and JP Morgan, said IFR Markets, a Thomson Reuters online news and market analysis service.

Among the few subordinated bonds issued by European banks, unlisted Dutch bank Rabobank Nederland [RABO.UL] sold a LT2 earlier this month. (Reporting by Natalie Harrison; Editing by David Holmes)