Give me a deal! Now!

Impatience is growing among lead managers of European corporate bonds, as morale and confidence are at rock bottom. Syndicate bankers are struggling to convince either issuers or investors to dip their toes in the new issue market, just as many issuers are getting close to their blackout periods. The only possible silver lining in the cloud is Greek telecoms firm OTE, which finishes a non-deal investor update on Monday in Athens.