Finland will tap the........>

FINLAND AUCTION PREVIEW: Finland will tap the 0.50% Sep-28 RFGB for E1.0bln on

Tuesday.

- BACKGROUND: Finland has met 72% of planned issuance for 2018 compared to 84%

for the wider eurozone. There is currently E3.0bln outstanding of the 0.50%

Sep-28 RFGB.

- RV/HISTORY: Alongside the broader euro area, Finish government bonds have sold

off since the summer with yields pushing lower in recent weeks as uncertainty

over the economic outlook mounts. At the last auction of the 0.50% Sep-28 RFGB,

E3.0bln was sold at an average yield of 0.62% and a bid-to-cover ratio of 4.3x.

The issue currently trades at a yield of 0.754% up from 0.468% on September 3

and 28bps inside the comparable EUR swap.

- REDEMPTIONS: There are E28.4bln in EGB redemptions this week which will

provide some support to the auction.

- TIMING: Results are due shortly after the auction closes at 1005GMT.