By Andrea Heisinger
New York, Aug. 3 - American Honda Finance Corp. priced $500 million of one-year floating-rate notes on Friday at par to yield Libor plus 8 basis points, a source close to the trade said.
The notes (A1/A+) were priced in line with guidance in the Libor plus 8 bps area. They are non-callable.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc.
The U.S. financing arm of Honda Financial Services is based in Torrance, Calif.
Issuer: | American Honda Finance Corp.
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Issue: | Floating-rate notes
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Amount: | $500 million
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Maturity: | Aug. 2, 2013
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Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc.
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Coupon: | Libor plus 8 bps
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Price: | Par
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Yield: | Libor plus 8 bps
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Call: | Non-callable
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Trade date: | Aug. 3
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Settlement date: | Aug. 8
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Ratings: | Moody's: A1
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| Standard & Poor's: A+
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Price talk: | Libor plus 8 bps area
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