Published on 11/7/2014 in the Prospect News Investment Grade Daily.
New Issue: American Honda prices $340 million floaters due 2016 at Federal Funds plus 30 bps
By Aleesia Forni
Virginia Beach, Nov. 7 – American Honda Finance Corp. priced $340 million of floating-rate medium-term notes (A1/A+/), series A, due 2016 at par with a spread of 30 basis points over the Federal Funds Rate, according to a FWP filed with the Securities and Exchange Commission.
Deutsche Bank Securities Inc. was the agent.
The U.S. arm of Honda Financial Services is based in Torrance, Calif.
| Issuer: | American Honda Finance Corp.
|
| Amount: | $340 million
|
| Description: | Floating-rate medium-term notes, series A
|
| Maturity: | July 29, 2016
|
| Agent: | Deutsche Bank Securities Inc.
|
| Coupon: | Federal Funds plus 30 bps
|
| Price: | Par
|
| Trade date: | Nov. 6
|
| Settlement date: | Nov. 12
|
| Ratings: | Moody’s: A1
|
| Standard & Poor's: A+
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
