By Wendy Van Sickle
Columbus, Ohio, May 23 – American Honda Finance Corp. priced $750 million of 5% two-year medium-term notes (A3/A-) on Tuesday at 99.931 to yield 5.037%, or a spread of 70 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
Deutsche Bank Securities Inc. and Mizuho 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
|
| Issue: | Series A fixed-rate medium-term notes
|
| Maturity: | May 23, 2025
|
| Bookrunners: | Deutsche Bank Securities Inc. and Mizuho Securities USA LLC
|
| Coupon: | 5%
|
| Price: | 99.931
|
| Yield: | 5.037%
|
| Spread: | Treasuries plus 70 bps
|
| Call: | Make-whole call at Treasuries plus 12.5 bps
|
| Trade date: | May 23
|
| Settlement date: | May 25
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Distribution: | SEC registered
|
| Cusip: | 02665WEJ6
|
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