On Nov 8 the Agence France...>

FRANCE AUCTION PREVIEW: On Nov 8 the Agence France Tresor comes to market for a

combined E8.0bln-E9.0bln. On offer are the 0.25% Nov-26 OAT, 0.75% Nov-28 OAT,

2.50% May-30 OAT and the 4.50% Apr-41 OAT. All re-opened issues.

HISTORY: At the last auction of the 0.25% Nov-26 OAT on Dec 7 2017, E1.99bln was

allotted at an average yield of 0.36% with a cover of 1.855x.

- At the last auction of the 0.75% Nov-28 OAT on Oct 4, E4.645bln was allotted

at an average yield of 0.86% with a cover of 1.593x.

- At the last auction of the 2.50% May-30 OAT on May 4 2017, E2.19bln was

allotted at an average yield of 1.07% with a cover of 2.158x.

- At the last auction of the 4.50% Apr-41 OAT on Mar 1, E0.89bln was allotted at

an average yield of 1.47% with a cover of 2.258x.

RV/BACKGROUND: The OAT 5s30s curve has bear flattened across the past month,

with the long end more stable amid broadly offsetting macro data.

- The Agence France Tresor which has currently met 98% of it's issuance for 2018

is way ahead of the 89% eurozone average as the year draws to a close.

TIMNG: Results will be due shortly after the auction closes at 0850GMT.