By Andrea Heisinger
New York, July 11 - American Honda Finance Corp. sold $500 million of one-year floating-rate notes (A1/A+/) in Thursday's market at par to yield Libor plus 2 basis points, a source close to the trade said.
The sale was done under Rule 144A and Regulation S.
Bookrunners were Barclays, BNP Paribas Securities Corp. and Wells Fargo Securities LLC.
American Honda was last in the U.S. bond market with a $1.25 billion offering of three-year floaters priced on May 22.
The U.S. arm of Honda Financial Services is based in Torrance, Calif.
| Issuer: | American Honda Finance Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | July 17, 2014
|
| Bookrunners: | Barclays, BNP Paribas Securities Corp., Wells Fargo Securities LLC
|
| Coupon: | Libor plus 2 bps
|
| Price: | Par
|
| Yield: | Libor plus 2 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | July 11
|
| Settlement date: | July 17
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
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