Spain easily raised nearly €3.9 billion as the government mulls whether to tap a financial facility that has been partly designed to ease the financial pressure on the country.

The Treasury sold €1.71 billion in three year bonds today at an average interest rate of 3.66%, unchanged from the last such auction earlier this month.

It sold €644m in 5-year bonds at 4.52%, less than the 4.68% rate seen before.

It also raised €1.52 billion from the sale of bonds maturing in 2021 at a rate of 5.55%.

The sale exceeded the Treasury's targeted maximum of €3.5 billion and demand averaged twice the amount offered.

The government of recession-wracked Spain said it needs to know the conditions to any application for international help.