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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.
Amount:$1 billion
Description:Floating-rate medium-term notes, series A
Maturity:Dec. 5, 2014
Agents:J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Loop Capital Markets LLC
Coupon:Libor plus 0 bps
Price:Par
Yield:Libor plus 0 bps
Trade date:Dec. 4
Settlement date:Dec. 12
Ratings:Moody's: A1
Standard & Poor's: A+

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