Honda is planning to issue $1 billion of securities backed by auto loans, according to a filing with the Securities and Exchange Commission.

The deal, Honda Auto Receivables 2013-3, will issue four tranches of notes; the $281 million class A-1 is expected to mature in March 2014; the $300 million class A-2 is expected to mature in February 2016, the $305 million class A-2 is expected to mature in June 2016, and the $114 million Class A-4  has an expected maturity of September 2016.

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