By Sheri Kasprzak
New York, July 25 - American Honda Finance Corp. priced an upsized $800 million offering of 18-month floating-rate notes at par to yield three-month Libor plus 35 basis points, according to a pricing sheet released late Friday.
The notes (Aa3/A+/) were upsized from a planned $500 million offering.
The bookrunners for the Rule 144A sale were BNP Paribas, Deutsche Bank and J.P. Morgan Securities Inc.
American Honda is a subsidiary of Japan's Honda Motor Co. Ltd.
| Issuer: | American Honda Finance Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $800 million
|
| Maturity: | Jan. 29, 2010
|
| Bookrunners: | BNP Paribas, Deutsche Bank and J.P. Morgan Securities Inc.
|
| Coupon: | Three-month Libor plus 35 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 35 bps
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Distribution: | Rule 144A
|
| Pricing date: | July 25
|
| Settlement date: | July 29
|
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