New Issue: American Honda Finance sells $300 million one-year floaters at Libor plus 7 bps

By Cristal Cody

Tupelo, Miss., Sept. 18 – American Honda Finance Corp. priced $300 million of one-year series A floating-rate medium-term notes (A1/A+) at par to yield Libor plus 7 basis points on Friday, according to an FWP filing with the Securities and Exchange Commission.

BofA Merrill Lynch was the bookrunner.

American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.

Issuer:	American Honda Finance Corp.
Amount:	$300 million
Description:	Floating-rate medium-term notes
Maturity:	Sept. 20, 2018
Bookrunner:	BofA Merrill Lynch
Coupon:	Libor plus 7 bps
Price:	Par
Yield:	Libor plus 7 bps
Trade date:	Sept. 15
Settlement date:	Sept. 20
Ratings:	Moody’s: A1
	S&P: A+
Distribution:	SEC registered

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