By Cristal Cody
Tupelo, Miss., March 15 – American Honda Finance Corp. (A2/A) priced $400 million of floating-rate medium-term notes due Oct. 19, 2020 on Friday 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 April 19, 2019 and will reset on each interest payment date.
BofA Merrill Lynch and SG Americas Securities, LLC were the bookrunners.
American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.
Issuer: | American Honda Finance Corp.
|
Amount: | $400 million
|
Description: | Series A floating-rate medium-term notes
|
Maturity: | Oct. 19, 2020
|
Bookrunners: | BofA Merrill Lynch and SG Americas Securities, LLC
|
Coupon: | One-month Libor plus 28 bps for first payment, then resets April 19, 2019 and each interest payment date afterward at three-month Libor plus 28 bps
|
Price: | Par
|
Yield: | Libor plus 28 bps
|
Trade date: | March 15
|
Settlement date: | March 20
|
Ratings: | Moody’s: A2
|
| S&P: A
|
Distribution: | SEC registered
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.