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LONDON - American Honda (NYSE:HMC) Finance Corporation announced Monday it plans to issue two benchmark euro-denominated bonds with 3-year and 6-year maturities, according to a pre-stabilization notice.
J.P. Morgan Securities plc will serve as the stabilization coordinator, with BofA, ANZ Securities, and Mizuho (NYSE:MFG) acting as stabilization managers for the offering.
The bonds will be senior, unsecured securities registered with the Securities and Exchange Commission and listed on the New York Stock Exchange. The securities will be offered in denominations of €100,000.
The stabilization period is expected to begin June 23, 2025, and end no later than July 23, 2025. During this period, stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support market prices.
The final offer price has not yet been determined, according to the press release statement.
The securities have not been registered under the United States Securities Act of 1933 and are not being offered for sale in the United States. The offering is primarily directed at qualified investors outside the United Kingdom (TADAWUL:4280) and in European Economic Area member states that have implemented the Prospectus Directive.
American Honda Finance Corporation serves as the financing arm for Honda’s operations, providing various financial services to support the sale of Honda products.
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