Bond Honda American Finance 0% ( US02665WCN92 ) in USD

Issuer	Honda American Finance
Market price	100 % ⇌
Country	United States
ISIN code	US02665WCN92 ( in USD )
Interest rate	0%
Maturity	10/12/2021 - Bond has expired
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Minimal amount	1 000 USD
Total amount	350 000 000 USD
Cusip	02665WCN9
Standard & Poor's ( S&P ) rating	N/A
Moody's rating	N/A
Detailed description	American Honda Finance is a captive finance company wholly owned by Honda Motor Co., Ltd., providing financial services for the purchase or lease of Honda and Acura vehicles in the United States. A detailed analysis of the financial instrument identified by ISIN US02665WCN92 and CUSIP 02665WCN9 reveals it as a bond issued by American Honda Finance Corporation, a critical captive finance subsidiary of American Honda Motor Co., Inc. dedicated to providing comprehensive wholesale and retail financing solutions for Honda and Acura dealerships and their customers throughout the United States. This specific obligation, denominated in USD, represented a total issuance size of $350,000,000, with a minimum purchase amount set at $1,000. Originated in the United States, the bond featured a 0% interest rate, characteristic of a zero-coupon structure, and while a payment frequency of 2 was noted in its specifications, this primarily denoted the compounding basis rather than actual coupon disbursements given its zero-coupon nature. The instrument successfully reached its maturity date on December 10, 2021, at which point it was fully repaid to investors at 100% of its face value, confirming its principal redemption.