Greek doldrums take wind out of SSA sails

The euro SSA sector is becalmed by the pending debt disaster that is Greece and seemingly focused on LTRO-type transactions for Germany and domestically tailored product for France. A resolution to Greece’s debt mountain cannot be far away as Greece has a €14.5bn Eurobond redemption to meet on March 20 but there was still some – albeit specialised – new issue activity on Monday.