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

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

issue a new 13-week Mar 9, 2018 T-bill for E1bln and a new 26-week Jun 8, 2018

T-bill for E1.25bln on Wednesday.

- BACKGROUND: On Monday, Eurogroup President, Dijsselbloem said that the

institutions have reached a staff level agreement on policy conditionality for

Greece's third review, which led to sharp fall in Greek 10-yr yield.

- HISTORY: For comparison, at the last 13-week T-bill auction on Nov 8 the PDMA

sold E1.1375bln at average yield of 1.80% and bid-to-cover of 1.81 times. While

at the last 26-week T-bill auction on Nov 1, the PDMA sold E1.1375bln at average

yield of 2.30% and bid-to-cover of 1.74 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 for the 13-week T-bill to E1.4bln and E2.0bln for the 26-week T-bill.

There will be a E3.6bln T-bill redemption on Dec 8 which is seen underpinning

demand at the auction.

- TIMING: Results due to be announced around 1010GMT.