Bond Honda American Finance 3.625% ( US02665WCQ24 ) in USD

Issuer	Honda American Finance
Market price	100 % ▲
Country	United States
ISIN code	US02665WCQ24 ( in USD )
Interest rate	3.625% per year ( payment 2 times a year)
Maturity	09/10/2023 - Bond has expired
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Minimal amount	2 000 USD
Total amount	700 000 000 USD
Cusip	02665WCQ2
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. An analysis of the US02665WCQ24 bond reveals a notable fixed-income instrument issued by American Honda Finance, a crucial financial services arm of the multinational conglomerate Honda Motor Co., Ltd., operating specifically within the United States and playing a pivotal role in supporting Honda's sales through various financing programs for vehicles and power equipment. This particular obligation, identified by CUSIP 02665WCQ2, was denominated in USD, carried a fixed annual interest rate of 3.625%, and disbursed coupon payments on a semi-annual basis, having been issued from the United States. The total size of this issuance amounted to $700,000,000, with a minimum purchase increment set at $2,000, and it consistently traded at 100% of its par value on the market until its maturity. Crucially, this bond reached its maturity date on October 9, 2023, and has since been fully redeemed as confirmed by the issuer. During its active life, the bond was assessed by leading credit rating agencies, securing an A- rating from Standard & Poor's (S&P) and an A3 rating from Moody's, reflecting its creditworthiness.