By Cristal Cody
Tupelo, Miss., July 9 – American Honda Finance Corp. (A2/A) priced $1 billion of two-year floating-rate medium-term notes (A2/A) on Tuesday at par to yield Libor plus 35 basis points, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will initially reset on Sept. 11 and will reset on each interest payment date.
Citigroup Global Markets Inc., Deutsche Bank Securities Inc. 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.
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| Amount: | $1 billion
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| Description: | Series A floating-rate medium-term notes
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| Maturity: | July 11, 2021
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| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and SG Americas Securities, LLC
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| Coupon: | Libor plus 35 bps; resets Sept. 11 and each interest payment date
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| Price: | Par
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| Yield: | Libor plus 35 bps
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| Trade date: | July 9
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| Settlement date: | July 12
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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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