By Cristal Cody
Tupelo, Miss., Aug. 29 – American Honda Finance Corp. priced $400 million of series A floating-rate medium-term notes on Tuesday at Libor plus 35 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes due Nov. 5, 2021 (A1/A+) priced at 99.594.
The interest rate will initially reset on Nov. 5, 2017 and will reset on each interest payment date.
SG Americas Securities, LLC was the bookrunner for the deal.
American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.
| Issuer: | American Honda Finance Corp.
|
| Amount: | $400 million
|
| Description: | Floating-rate medium-term notes
|
| Maturity: | Nov. 5, 2021
|
| Bookrunner: | SG Americas Securities, LLC
|
| Coupon: | Libor plus 35 bps; resets Nov. 5, 2017
|
| Price: | 99.594
|
| Trade date: | Aug. 29
|
| Settlement date: | Sept. 6
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Distribution: | SEC registered
|
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