The SSA primary bond market is eerily quiet. What is usually one of the busiest times of the year for raising bonds in euros is proving to be the opposite as issuers sit it out in anticipation of next week’s highly anticipated monetary policy announcement by the European Central Bank (ECB). Burhan Khadbai reports.
“This is the biggest ECB meeting of the year,” said an SSA syndicate banker. “You would have to be a very brave issuer to have come with a euro benchmark [this week].”
Market participants expect the ECB to announce a wide-ranging stimulus package at its meeting on Thursday,