By Cristal Cody
Tupelo, Miss., Feb. 26 – American Honda Finance Corp. (A2/A) priced $450 million of floating-rate medium-term notes due Nov. 2, 2020 on Tuesday at par to yield Libor plus 28 basis points, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will initially reset on May 2, 2019 and will reset on each interest payment date.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. were the bookrunners.
American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.
Issuer: | American Honda Finance Corp.
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Amount: | $450 million
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Description: | Floating-rate medium-term notes
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Maturity: | Nov. 2, 2020
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Bookrunners: | Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
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Coupon: | Libor plus 28 bps; resets May 2, 2019 and each interest payment date
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Price: | Par
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Yield: | Libor plus 28 bps
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Trade date: | Feb. 26
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Settlement date: | March 1
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Ratings: | Moody’s: A2
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| S&P: A
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Distribution: | SEC registered
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