Intesa Sanpaolo

Italian scooter maker Piaggio announced a high yield bond roadshow on Tuesday, the seventh issuer to do so in five days as volumes continue to rebound after a difficult February.

Egypt opened books on its debut dual tranche euro issue on Monday, following investor meetings in Europe last week.

Six CEEMEA issuers dived into the bond markets this week, releasing roadshow details straight after the Easter break.

Ghana Cocoa Board (Cocobod) has sent off invitations to its annual financing for its cocoa harvest amid concerns it may struggle to repay its previous loan.

Three CEEMEA issuers are embarking on roadshows — the Arab Republic of Egypt, Sharjah Islamic Bank and Kazmunaygaz.

Turk Eximbank has signed a €544m loan, above its launch amount of €300m, to refinance debt and support its business backing exporters.

Carmaker Fiat Chrysler Automobiles has amended its existing €6.25bn revolving credit facility to stretch out the maturity to 2023, but loans bankers are concerned about the low volumes of business to look forward to.

French engineering consultancy Altran has set the term on its €750m rights issue to finance its acquisition of US global design and engineering company Aricent.

Intesa Sanpaolo was able to raise €1.25bn of senior funding at the long end of its maturity curve on Monday, despite being the first Italian bank to access the market following the result of the country’s recent general election.

Russian Copper Company has signed a $250m loan with a club of banks to refinance a previous facility.

The issues surrounding Italy’s debt burden refuse to go away, but not all market participants believe that a change of government on Sunday would be able to stall or reverse the country’s recent economic progress.

The case for investing in Italy’s banks is unlikely to be radically altered by the outcome of the country’s general election on Sunday, March 4, according to some FIG bond buyers.