By Andrea Heisinger
New York, Aug. 3 - American Honda Finance Corp. priced $500 million of one-year floating-rate notes on Friday at par to yield Libor plus 8 basis points, a source close to the trade said.
The notes (A1/A+) were priced in line with guidance in the Libor plus 8 bps area. They are non-callable.
Bookrunners were Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc.
The U.S. financing arm of Honda Financial Services is based in Torrance, Calif.
| Issuer: | American Honda Finance Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Aug. 2, 2013
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., RBS Securities Inc.
|
| Coupon: | Libor plus 8 bps
|
| Price: | Par
|
| Yield: | Libor plus 8 bps
|
| Call: | Non-callable
|
| Trade date: | Aug. 3
|
| Settlement date: | Aug. 8
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
| Price talk: | Libor plus 8 bps area
|
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