Honda Motor Co. priced  $1 billion in securities backed by new and used Honda and Acura automobile, light truck and utility vehicle loans, according to a deal document.

The trust priced $256.4 million of class A-1 notes, rated ‘F1’/ 'A1+' Fitch Ratings and Standard & Poor's at a yield of .19%. The short dated notes with  aweigheted average life of .32-year notes were sold to money market fund investors.

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