By NICHOLAS PAPHITIS

Associated Press

ATHENS, Greece  — Greece successfully launched its first 10-year bond auction since 2010 on Tuesday, as it seeks to gradually regain the confidence of international investors and wean itself off bailout funds.

Prime Minister Alexis Tsipras said the issue attracted strong interest from investors, showing that the country has left behind the bitter crisis era when it was shunned by markets and flirting with bankruptcy.

“Bids are at an admirable level, and this is an indication of hope,” Tsipras said. “It’s a sign that we are turning a new page and exiting the crisis era.”

The Public Debt Management Agency said Greece raised 2.5 billion euros with a yield of 3.9 percent in the heavily oversubscribed auction that attracted bids worth 11.8 billion euros.

The debt issue came at an opportune moment for Greece, as its yields hover around their lowest in more than a decade after Moody’s ratings agency raised the country’s credit rating by two notches. While still well below investment grade, its B1 classification marks a vast improvement for a country that was in default at the worst of the crisis.

The results of the bond issue were expected to be announced later Tuesday.

It was Greece’s second foray into capital market financing since the end of its third, and last, bailout program in August. The government raised 2.5 billion euros ($2.85 billion) through an oversubscribed five-year bond in January.

The country was priced out of capital markets after revealing it had for years misreported public debt figures and signed its first bailout deal in mid-2010. In exchange for the rescue loans, successive governments were forced to make deep income cuts and tax hikes, while radically reforming the economy.

The austerity deepened an economic recession and caused a sharp fall in living standards — with the average incomes dropping by a third and unemployment spiking to a postwar record of 28 percent. It’s now 19 percent.

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