American Honda Finance markets three tranches of fixed- and floating-rate medium-term notes

By Cristal Cody

Tupelo, Miss., June 24 – American Honda Finance Corp.’s Honda Financial Services plans to price three tranches of dollar-denominated medium-term notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

The deal includes two tranches of series A fixed-rate notes and one tranche of series A floating-rate notes.

The floating-rate notes are not redeemable. The fixed-rate tranches will have make-whole calls.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and MUFG are the bookrunners.

Proceeds will be used to repay existing debt, to acquire retail loans or retail leases and to provide wholesale flooring and commercial loans or for other general corporate purposes.

American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.

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