Investors’ bids on a new Greek 10-year bond issue exceeded 11.3 billion euros, with the yield set at 3.9 pct, sources said on Tuesday.

Earlier in the day, in an announcement to the Athens Stock Exchange, Greek authorities said that bids exceeded 10 billion euros.

The book-building process opened on Tuesday morning, with first indications suggesting that the yield of the new 10-year bond would range between 3.9 pct and 4.0 pct.

The Greek state is expected to raise around 2.0 billion euros from the bond issue, as part of its annual borrowing requirements of around 7.0 billion euros in 2019.