By Cristal Cody
Prospect News, Feb. 15 - Honda Canada Finance Inc. raised an upsized C$300 million of three-year floating-rate notes at par on Wednesday, a syndicate source said.
The notes priced at a spread of 95 basis points over the Canadian Dealer Offered Rate. The deal was upsized from C$250 million.
BMO Capital Markets Corp. was the bookrunner. CIBC World Markets Inc., RBC Capital Markets Corp. and TD Securities Inc. were the co-managers.
The company is an affiliate of Honda Motor Co., Ltd.
| Issuer: | Honda Canada Finance Inc.
|
| Amount: | C$300 million
|
| Maturity: | Feb. 23, 2015
|
| Securities: | Floating-rate notes
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Co-managers: | CIBC World Markets Inc., RBC Capital Markets Corp., TD Securities Inc.
|
| Coupon: | 95 bps over CDOR
|
| Price: | Par
|
| Yield: | 95 bps over CDOR
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 23
|
| Distribution: | Canada
|
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