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American Honda Finance Corporation plans a five-year euro benchmark bond, according to media reports on Wednesday.

Guidance is at mid-swaps plus around 135 basis points, said IFR Markets, a Thomson Reuters online news and market analysis service.

Barclays, BNP Paribas and Royal Bank of Scotland are to manage the deal, IFR said.

American Honda is rated A+ by Standard & Poor’s and A1 by Moody’s Investors’ Service.