Date of Release: 2008-09-11
DBRS has today assigned a rating of A (high) with a Positive trend to the Senior Unsecured Series 2008-3 and Series 2008-4 Debentures (collectively, the Notes) issued by Honda Canada Finance Inc. (HCFI). The Notes have an aggregate principal amount of $650 million. The Series 2008-3 Debentures ($550 million) mature on September 12, 2013 and have a fixed coupon of 5.613%. The Series 2008-4 Debentures ($100 million) mature on September 13, 2010 and feature an interest rate equivalent to the three month BA rate plus a spread of 1.6%.
The Notes rank pari passu with all other senior unsecured obligations of HCFI.
Note:
All figures are in Canadian dollars unless otherwise noted.
