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

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

issue a new 26-week Mar 1, 2019 T-bill for E875mln Wednesday.

- RV/BACKGROUND: This is the first Greek T-bill auction since Greece officially

completed its three-year ESM bailout programme on August 20, opening up the

country to borrow again on international markets.

- HISTORY: For comparison, at the last 26-week T-bill auction on Aug 1 the PDMA

sold E812.5mln at an average yield of 0.85% and bid-to-cover of 1.52 times.

Prior to that on Jul 4 the PDMA allotted E1.625mln at average yield of 0.85% and

cover of 1.38 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 E1.4bln. 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.