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

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

launch a new 52-week Jun 14, 2019 T-bill for E625mln Wednesday. 

- BACKGROUND: This will be the second 52-week T-bill auction within the space of

3-months following the first one in nearly 8-years in March. There is still some

concern over Greece exiting the EU/IMF programme, but overall look on track. 

- HISTORY: At that last on Mar 14, the PDMA sold E812.5mln at average yield of

1.25% and cover of 3.18 times. 

- NON-COMP: The PDMA once again said it would 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 is no T-bill redemption seen underpinning

today's auction which could add extra uncertainty.

- TIMING: Results due to be announced around 0910GMT.