Greece’s public debt agency says it has raised €1.3bn in a sale of 13-week treasury bills, at a marginally higher interest rate than it paid last month.
The sale was 2.94 times oversubscribed, and carried a yield of 4.63%, up from 4.61% in mid-October.
Debt-crippled Greece relies on international rescue loans to keep solvent.
Although unable to issue long-term debt due to high borrowing costs, it maintains a market presence through regular treasury bill auctions.
Earlier today, the country’s statistical authority said the galloping recession eased in the third quarter, with the economy shrinking by 5.2% on the year compared with a 7.4% contraction in the second quarter.
Greece has been in recession for the past three years.