American Honda Finance Corp. (AHFC) is in the market with an auto loan securitization called Honda Auto Receivables 2010-3 Owner Trust (HAROT 2010-3). The deal is managed by BNP Paribas and JPMorgan Securities.

According to a Fitch Ratings presale report, this $1 billion offering is the third deal issued by AHFC in 2010. The 2010-3 securities are backed by retail installment sales contracts secured by new and used Honda and Acura automobiles as well as light-duty trucks that AHFC originated and underwrote, the rating agency said.

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