Honda's first euro-denominated bond offering receives subscription demand exceeding 10 billion euros

Glonghui July 1 — Honda Motor has entered the euro bond market for the first time, planning to issue 2.5 billion euros in bonds, with final investor demand exceeding 10.3 billion euros. The company is issuing 3-year, 6-year, and 10-year senior unsecured bonds, with the short-term bonds receiving the most market interest. The issue pricing for the short-term bonds was lowered by about 30 basis points compared to the initial price guidance. Japanese companies are increasing their overseas financing efforts, and Honda's debut euro bond issue coincides with this trend. Since the beginning of this year, the total amount of euro-denominated bonds issued by Japanese companies has reached approximately 11.67 billion euros.