BNP Paribas

John Deere Bank, the financing arm of the agricultural machinery group, launched a rare five year floating rate note yesterday that found strong demand, as European investors warmed to a structure that will protect them against interest rate rises.

There was standing room only at the bank meeting for mining firm First Quantum’s $2.5bn loan, prompting some bankers to hope that the deal will not need to be launched into general syndication.

Grupo Antolin-Irausa, the Spanish car parts maker, has picked a quieter week for its debut high yield issue after last week’s deal flurry. The family-owned company wants to sell €400m of senior secured bonds alongside a new credit facility.

Hyundai Capital Services priced a three year floating rate note through its existing curve on Tuesday. Dealers waited until the US markets opened to announce final price guidance which was in keeping with the issuer’s objective to focus on US investors.

Indonesian power company has closed the limited syndication phase of its $1.127bn loan, which saw two commitments come in during general. But four additional lenders expected to join when GlobalCapital Asia last reported on the transaction have ditched the deal, according to a banker.

Nigerian oil and gas firm Seplat launched an IPO of more than $500m on Tuesday, the biggest exploration and production flotation since the financial crisis and the first firm with a dual listing in London and Lagos.

Any doubt over the enthusiasm for senior euro denominated bank debt on Monday, when a short selloff was followed by three successful pricings, was entirely dispelled by Tuesday morning, with three more senior deals hitting the market and meeting big demand off the bat.

Agribusiness Wii, a fully-owned subsidiary of Wilmar International, has wrapped up syndication after increasing the final loan to $2.49bn from the launch size of $1.75bn.

Hyundai Capital Services has returned to the international market with a three year floating rate note bond.

The senior unsecured market started with a bang on Monday, despite the European market softening late on Friday.

Shinhan Bank is to commence a series of investor meetings on Thursday. Bankers say that a 144A/Reg S transaction may follow.

Chinese theme park operator and developer Haichang Holdings priced its $316m IPO in the middle of the indicative range, amid volatile markets and highly price sensitive investor demand.