More than a year after Greece exited its bailout programs, investors - in a historic first - have bought its short-term debt at a loss.
The country's debt management agency said Wednesday it raised 487.5 million euros ($535 million) selling 13-week treasury bills, for which the yield was -0.02 percent.
Trade wars around the world have a strong negative impact on global economic growth. The International Monetary Fund has warned about this.
The Executive Director of the Fund Kristalina Georgieva commented that global losses could total $ 700 billion by 2020, or about 0.8% of GDP. For comparison, this is the approximate annual GDP of Switzerland.
Greece hopes higher investment and tax cuts will help power economic growth next year as the country recovers from a decade-long debt crisis.
Growth will pick up to at least 2.8 percent next year from 2 percent in 2019, according to a draft budget submitted to Parliament by the conservative government on Monday.
The five-year bond that Hellenic Petroleum issued on Friday met with strong demand that brought its interest rate down to just 2.125 percent, against an original estimate of 2.5 percent.
Investors' bids added up to 1.5 billion euros, more than three times the issue that was aimed at raising 400 million, which led the group to draw 500 million euros instead.
At Thursday's Euro Working Group the creditors' mission chiefs reported that their visit to Athens this week had taken place amid a positive climate. However, they also expressed reservations regarding the achievement of the target for a primary surplus of 3.5 percent of gross domestic product next year.