By Mary-Katherine Stinson
Lexington, Ky., Nov. 16 – American Honda Finance Corp. priced $150 million of two-year floating-rate notes at par, according to an FWP filing with the Securities and Exchange Commission.
The medium-term notes will bear interest at compounded SOFR determined on Feb. 15, 2024, accruing from Nov. 17, 2023, plus a spread of 78 basis points.
The initial interest reset date is Feb. 17, 2024.
Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and SG Americas Securities LLC were the joint bookrunners.
American Honda Finance is a Torrance, Calif.-based financing arm of American Honda Motor Co.
| Issuer: | American Honda Finance Corp.
|
| Amount: | $150 million
|
| Issue: | Medium-term notes, series A
|
| Maturity: | Nov. 17, 2025
|
| Bookrunners: | Barclays, BNP Paribas Securities Corp., Citigroup Global Markets Inc. and SG Americas Securities LLC
|
| Coupon: | SOFR plus 78 bps; resets on Feb. 17, 2024 and each interest payment date after
|
| Price: | Par
|
| Yield: | SOFR plus 78 bps
|
| Spread: | Treasuries plus 78 bps
|
| Trade date: | Nov. 15
|
| Settlement date: | Nov. 17
|
| Distribution: | SEC registered
|
| Cusip: | 02665WEW7
|
|
|
© 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.
