By Wendy Van Sickle
Columbus, Ohio, July 11 – American Honda Finance Corp. priced $650 million of floating-rate medium-term notes due Jan. 10, 2025 (A3/A-) at par to yield SOFR plus 67 basis points on Monday, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will reset on Oct. 10 and on each interest payment date.
BNP Paribas Securities Corp., Mizuho Securities USA LLC and SG Americas Securities, 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: | $650 million
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| Issue: | Series A floating-rate medium-term notes
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| Maturity: | Jan. 10, 2025
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| Bookrunners: | BNP Paribas Securities Corp., Mizuho Securities USA LLC and SG Americas Securities, LLC
|
| Coupon: | SOFR plus 67 bps; resets Oct. 10 and each interest payment date
|
| Price: | Par
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| Yield: | SOFR plus 67 bps
|
| Trade date: | July 10
|
| Settlement date: | July 12
|
| Ratings: | Moody’s: A3
|
| S&P: A-
|
| Distribution: | SEC registered
|
| Cusip: | 02665WEP2
|
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