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

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

issue a new 13-week Jun 8, 2018 T-bill for E1.0bln Wednesday. 

- RV: Average yields at the last few Greek T-bill auctions have remained steady

as markets await further good news to be enticed to pushed yields even lower..

- HISTORY: For comparison at the last 13-week T-bill auction on Feb 7 the PDMA

sold E1.1375bln at an average yield of 0.99% and bid-to-cover of 1.55 times.

Prior to that on Jan 10 the PDMA allotted E812.5mln at average yield of 0.99%

and cover of 3.44 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 E1.6bln. There will be a E1.6bln T-bill redemption on Mar 9, which

is seen underpinning demand at the auction. 

- TIMING: Results due to be announced at around 1015GMT.