By Andrea Heisinger
New York, May 23 - American Honda Finance Corp. sold $1.25 billion of three-year floating-rate notes (A1/A+/) at par to yield Libor plus 37.5 basis points, a market source said.
The notes were priced under Rule 144A and Regulation S.
Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Mizuho Securities USA Inc. were the bookrunners.
Proceeds will be used for general corporate purposes.
The U.S. arm of Honda Financial Services is based in Torrance, Calif.
| Issuer: | American Honda Finance Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2016
|
| Bookrunners: | Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mizuho Securities USA Inc.
|
| Coupon: | Libor plus 37.5 bps
|
| Price: | Par
|
| Yield: | Libor plus 37.5 bps
|
| Distribution: | Rule 144A, Regulation S
|
| Trade date: | May 22
|
| Ratings: | Moody's: A1
|
| Standard & Poor's: A+
|
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