By Cristal Cody
Tupelo, Miss., Sept. 19 – American Honda Finance Corp. priced $300 million of floating-rate medium-term notes due May 22, 2020 (A2/A+) at par to yield Libor plus 18 basis points on Wednesday, according to an FWP filing with the Securities and Exchange Commission.
Barclays was the bookrunner.
The interest rate will initially reset on Nov. 22, 2018 and will reset on each interest payment date thereafter.
American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.
| Issuer: | American Honda Finance Corp.
|
| Amount: | $300 million
|
| Description: | Series A floating-rate medium-term notes
|
| Maturity: | May 22, 2020
|
| Bookrunner: | Barclays
|
| Coupon: | Libor plus 18 bps; resets Nov. 22, 2018 and each interest payment date
|
| Price: | Par
|
| Yield: | Libor plus 18 bps
|
| Trade date: | Sept. 19
|
| Settlement date: | Sept. 24
|
| Ratings: | Moody’s: A2
|
| S&P: A+
|
| Distribution: | SEC registered
|
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