Published on 12/6/2013 in the Prospect News Investment Grade Daily.
New Issue: American Honda Finance prices $1 billion floaters due 2014 at Libor flat
By Aleesia Forni
Virginia Beach, Dec. 6 - American Honda Finance Corp. priced $1 billion of floating-rate notes (A1/A+/) due Dec. 5, 2014 at par to yield Libor flat, according to an FWP filed with the Securities and Exchange Commission.
J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Loop Capital Markets LLC were the agents.
The U.S. arm of Honda Financial Services is based in Torrance, Calif.
Issuer: | American Honda Finance Corp.
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Amount: | $1 billion
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Description: | Floating-rate medium-term notes, series A
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Maturity: | Dec. 5, 2014
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Agents: | J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Loop Capital Markets LLC
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Coupon: | Libor plus 0 bps
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Price: | Par
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Yield: | Libor plus 0 bps
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Trade date: | Dec. 4
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Settlement date: | Dec. 12
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Ratings: | Moody's: A1
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| Standard & Poor's: A+
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