Austria's Federal...........>

AUSTRIA AUCTION PREVIEW: Austria's Federal Financing Agency (AFFA) taps 10-year

benchmark RAGB 0.75% Feb 2028 and 20-year RAGB 4.15% Mar 2037 for up to

E1.15bln. 

- BACKGROUND: This is the 2nd tap of the RAGB Feb-28 and auction today adds to

the E5.035bln outstanding. The 20-year RAGB 4.15% Mar 2037 was last tapped on

Sept 5 2017 and auction today adds to the E12.795bln outstanding. Following

today's auction, AFFA will have sold E9.1bln worth of RAGBs or 37% of 2018

issuance plans.   

- RV/HISTORY: The RAGB 0.75% 2028 trades at 0.696% mid-yield - near recent level

of 0.688% - level last seen Jan 24. Austria also looks rich versus Bunds at

+18.8bps having tightened circa 4bps since Feb 21. The 20-year RAGB 4.15% Mar

2037 trades at 1.1045% mid-yield or around 1.8bps above recent rich levels. The

RAGB 2028 was last sold on Mar 6 for E400mln at average yield 0.834%, cover 3.46

times. The RAGB 2037 was last sold on Sep 5, 2017 - therefore not comparable.

- RESULTS: Bidding closes at 0900GMT. Auction results are due around 15 minutes

later.