By Cristal Cody
Tupelo, Miss., May 28 - Honda Canada Finance Inc. priced C$400 million of 2.35% five-year senior debentures at par on Tuesday, an informed source said.
The notes due June 4, 2018 (A1//DBRS: A) priced at a spread of 88.4 basis points over the Government of Canada benchmark.
BMO Capital Markets Inc. and TD Securities Inc. were the lead managers.
Markham, Ont.-based Honda Canada Finance is an affiliate of Honda Motor Co., Ltd.
| Issuer: | Honda Canada Finance Inc.
|
| Amount: | C$400 million
|
| Maturity: | June 4, 2018
|
| Securities: | Senior debentures
|
| Bookrunners: | BMO Capital Markets Inc., TD Securities Inc.
|
| Coupon: | 2.35%
|
| Price: | Par
|
| Yield: | 2.35%
|
| Spread: | 88.4 bps over Government of Canada benchmark
|
| Pricing date: | May 28
|
| Settlement date: | June 4
|
| Ratings: | Moody's: A1
|
| DBRS: A
|
| Distribution: | Canada
|
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