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Telecom Italia brought the first telecoms bond deal of the year to the European market on Wednesday, tapping both high yield and investment grade investors.

Alvarez & Marsal, the restructuring firm that handled Lehman Brothers’ bankruptcy, is set to deliver early next week a scheme for Abengoa to avoid bankruptcy. Bankers say the high yield market should cope, either way.

Portugal is limbering up for its first benchmark of the year in a week heavy with eurozone periphery sovereign issuance, including an auction where Italy’s three year yield nearly dipped below zero.

Banque Fédérative du Crédit Mutuel has come to market with 2016's largest medium term note (MTN) so far.

Daimler Canada Finance, a subsidiary of Daimler, made a rare outing in Norwegian kroner on Wednesday, printing a five year bond.

French government agency Caisse d'amortissement de la dette sociale has announced a €24bn funding target for 2016.

Pohjola Bank and NordLB paid slim new issue concessions for five year senior debt on Wednesday, but market participants pointed to the dangers of pushing spreads in too tightly.

A strong start for the dollar market in 2016 looked in danger of fizzling out this week, as deals in anything longer than three years struggled to pull in strong demand.

Nigeria will have to pay a yield of over 9% to access the international markets as it plans its first Eurobond for three years, according to Exotix.

Bankers say that at least two sovereigns from Latin America are considering announcing deals on Wednesday after Chile brought some much needed new issue action to the region on Tuesday.

Swedish telecommunications company Tele2 has retained all of the original lenders as it refinances a €800m revolving credit facility.

The Sultanate of Oman signed a $1bn five year loan on Tuesday, with 11 banks in the oversubscribed deal, despite the sovereign being hit by a downgrade in the middle of the deal.