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.
ALL DBRS RATINGS ARE SUBJECT TO DISCLAIMERS AND CERTAIN LIMITATIONS. PLEASE READ THESE DISCLAIMERS AND LIMITATIONS AND ADDITIONAL INFORMATION REGARDING DBRS RATINGS, INCLUDING DEFINITIONS, POLICIES AND METHODOLOGIES.
