New Issue: American Honda Finance sells $750 million 2% notes due 2028 at 70 bps spread

By Wendy Van Sickle

Columbus, Ohio, March 22 – American Honda Finance Corp. priced $750 million of 2% seven-year medium-term notes (A3/A-) on Monday at 99.831 to yield 2.026%, or a spread of Treasuries plus 70 basis points, according to an FWP filing with the Securities and Exchange Commission.

BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG and TD Securities (USA) LLC were the bookrunners.

American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.

Issuer:	American Honda Finance Corp.
Amount:	$750 million
Description:	Series A fixed-rate medium-term notes
Maturity:	March 24, 2028
Bookrunners:	BofA Securities, Inc., J.P. Morgan Securities LLC, MUFG and TD Securities (USA) LLC
Co-managers:	ING Financial Markets LLC, SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc. and Wells Fargo Securities LLC
Coupon:	2%
Price:	99.831
Yield:	2.026%
Spread:	Treasuries plus 70 bps
Call:	Make-whole call at Treasuries plus 12.5 bps
Trade date:	March 22
Settlement date:	March 24
Ratings:	Moody’s: A3
	S&P: A-
Distribution:	SEC registered

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