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Bloomberg News

Honda’s U.S. Unit Raises $1.25 Billion With Floating-Rate Bonds

May 22, 2013

Honda Motor Co. (7267), the world’s biggest motorcycle maker, sold $1.25 billion of three-year, dollar-denominated notes.

The company’s U.S. unit (HMC:US) issued floating-rate bonds to yield 37.5 basis points more than the three-month London interbank offered rate, according to data compiled by Bloomberg. The new bonds may be rated A1 by Moody’s Investors Service, according to a person familiar with the transaction, who asked not to be identified citing lack of authorization to speak publicly.

The unit, American Honda Finance Corp., sold $750 million of one-year floaters last week, issuing the debt flat to Libor, Bloomberg data show.

Credit Suisse Group AG, Deutsche Bank AG and Mizuho Financial Group Inc. (8411) managed the sale for the Tokyo-based company, Bloomberg data show. Proceeds will be used for general corporate purposes.

To contact the reporter on this story: Sarika Gangar in New York at

To contact the editor responsible for this story: Alan Goldstein at

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