Bond Honda American Finance 0.468% ( US02665WDU27 ) in USD

Issuer	Honda American Finance
Market price	100 % ▼
Country	United States
ISIN code	US02665WDU27 ( in USD )
Interest rate	0.468% per year ( payment 4 times a year)
Maturity	11/07/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	300 000 000 USD
Cusip	02665WDU2
Standard & Poor's ( S&P ) rating	A- ( Upper medium grade - Investment-grade )
Moody's rating	A3 ( Upper medium grade - Investment-grade )
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. This financial article provides a comprehensive overview of the recently matured and redeemed bond issued by American Honda Finance Corporation, identified by ISIN US02665WDU27 and CUSIP 02665WDU2. American Honda Finance Corporation (AHFC) operates as a wholly-owned subsidiary of American Honda Motor Co., Inc., primarily responsible for delivering wholesale and retail financing solutions to Honda and Acura automobile dealerships and their customers throughout the United States; its integral role supports the sales and distribution of Honda's diverse product portfolio, including automobiles, motorcycles, and power equipment. This particular bond, denominated in USD and issued from the United States, represented a total issuance size of $300,000,000, with a minimum investment threshold set at $1,000. It carried an annual interest rate of 0.468% and featured interest payments distributed with a quarterly frequency. The instrument reached its scheduled maturity date on July 11, 2024, at which point it was fully redeemed at its par value of 100% on the market. Furthermore, this bond held strong investment-grade credit ratings of A- from Standard & Poor's (S&P) and A3 from Moody's, reflecting its creditworthiness within the financial markets.