Greece's Public.......>

GREECE T-BILL AUCTION PREVIEW: Greece's Public Debt Management Agency (PDMA)

issue a new 13-week Jan 12, 2018 T-bill for E625mln Wednesday. 

- RV: Mid-yield on the Greek 4.375% Aug 2022 bond actually ticked higher since

the middle of September and currently sits at 4.56%.

- HISTORY: For comparison at the last 13-week T-bill auction on Sep 13 the PDMA

sold E1.3bln at an average yield of 1.91% and bid-to-cover of 1.36 times. Prior

to that on Sep 96 the PDMA allotted E1.3bln at average yield of 1.91% ands cover

of 1.41 times. 

- NON-COMP: The PDMA will once again allocate an extra 30% of amount auctioned

in non-comp bids, and a further 30% in second day bids, to bring total amount to

be issued to E1bln. There will be a E1bln T-bill redemption on Oct 13, which is

seen underpinning demand at the auction. 

- TIMING: Results due to be announced at around 0915GMT.