DBRS rates Honda Canada debentures A

DBRS said it has assigned a rating of A (high) with a stable trend to the senior unsecured series 2014-1 debentures to be issued by Honda Canada Finance Inc.

The notes will have an aggregate principal amount of C$400 million and feature an interest rate equivalent to the three-month BA rate plus a spread of 0.33%, the agency said.

The maturity date is April 7, 2017.

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