By Cristal Cody
Tupelo, Miss., Nov. 18 – American Honda Finance Corp. priced $600 million of 1.95% medium-term notes due May 20, 2022 (A2/A) on Monday at 99.966 to yield 1.964%, or a spread of Treasuries plus 37 basis points, according to a market source and an FWP filing with the Securities and Exchange Commission.
Initial price talk was in the Treasuries plus 50 bps area.
Barclays, BNP Paribas Securities Corp. and BofA 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.
|
| Amount: | $600 million
|
| Description: | Series A fixed-rate medium-term notes
|
| Maturity: | May 20, 2022
|
| Bookrunners: | Barclays, BNP Paribas Securities Corp. and BofA Securities, Inc.
|
| Coupon: | 1.95%
|
| Price: | 99.966
|
| Yield: | 1.964%
|
| Spread: | Treasuries plus 37 bps
|
| Make-whole call: | Treasuries plus 7.5 bps
|
| Trade date: | Nov. 18
|
| Settlement date: | Nov. 21
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 40 bps area, plus or minus 3 bps; initial talk at Treasuries plus 50 bps area
|
© 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.
