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

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

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

- RV/BACKGROUND: Having dropped to a low of 0.59% in May average yield at the

last Greek 13-week T-bill auction increased to 0.70% while cover remained

steady. 

- HISTORY: For comparison at the last 13-week T-bill auction on Jun 6 the PDMA

sold E812.5mln at an average yield of 0.70% and bid-to-cover of 2.16 times.

Prior to that on May 9 the PDMA allotted E1.1375bln at average yield of 0.59%

and cover of 2.18 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 Jul 13, which is

seen underpinning demand at the auction. 

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