American Honda Finance Corp. has launched a $1.4 billion three-part medium-term notes offering in the private-placement Rule 144a market, The Wall Street Journal reports. The offering comprised $400 million senior notes due 2014, $500 million of senior notes due 2016 and $500 million of senior notes due 2021.

The firm appointed Barclays Capital, Bank of America Merrill Lynch, Citigroup and Deutsche Bank Securities as active book runners for the offering. The firm will utilize the sale proceeds to pay back borrowings incurred in or to fund the growth of receivables arising in connection with finance operations or for general corporate purposes.

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