Published on 3/3/2017 in the Prospect News Investment Grade Daily.
New Issue: American Honda prices $325 million of floaters due 2018 at Libor plus 10 bps
New York, March 3 – American Honda Finance Corp. priced $325 million of floating-rate medium-term notes (A1/A+/), series A, due 2018 at coupon of Libor plus 10 basis points, according to an FWP filed with the Securities and Exchange Commission.
Barclays was the bookrunner.
The U.S. arm of Honda Financial Services is based in Torrance, Calif.
| Issuer: | American Honda Finance Corp.
|
| Amount: | $325 million
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| Description: | Floating-rate medium-term notes, series A
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| Maturity: | March 8, 2018
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| Bookrunner: | Barclays
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| Coupon: | Libor plus 10 bps
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| Price: | Par
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| Trade date: | March 3
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| Settlement date: | March 8
|
| Ratings: | Moody’s: A1
|
| Standard & Poor's: A+
|
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