New Issue-American Honda Finance sells $800 mln in 1.5-yr MTNs
July 25 (Reuters) - The American Honda Finance Corporation, a unit of Japanese automaker Honda Motor Co. Ltd. (7267.T: Quote, Profile, Research, Stock Buzz) on Friday sold $500 million of 1.5-year floating rate medium-term notes in the 144a private placement market, according to IFR, a Thomson Reuters publication.
The size of the deal was increased from an originally planned $500 million.
BNP Paribas, Deutsche Bank, and J.P. Morgan were the joint bookrunning managers for the sale. BORROWER: AMERICAN HONDA FINANCE CORPORATION AMT $800 MLN COUPON +35 BPS/3-MO
LIBOR MATURITY 1/29/2010 TYPE FRN MTN ISS PRICE 100 FIRST PAY 1/29/2009 MOODY'S Aa3 YIELD N/A SETTLEMENT 7/29/2008 S&P A-PLUS SPREAD N/A PAY FREQ QUARTERLY FITCH N/A NON-CALLABLE
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