By Cristal Cody
Tupelo, Miss., Oct. 10 – American Honda Finance Corp. priced $500 million of floating-rate medium-term notes due Feb. 15, 2022 (A2/A) at par to yield Libor plus 45 basis points on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The interest rate will reset on Nov. 15 and on each interest payment date.
Mizuho Securities USA LLC 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: | $500 million
|
| Description: | Series A floating-rate medium-term notes
|
| Maturity: | Feb. 15, 2022
|
| Bookrunners: | Mizuho Securities USA LLC and SG Americas Securities, LLC
|
| Coupon: | Libor plus 45 bps; resets Nov. 15 and each interest payment date
|
| Price: | Par
|
| Yield: | Libor plus 45 bps
|
| Trade date: | Oct. 10
|
| Settlement date: | Oct. 15
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | SEC registered
|
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