debt
confidence high
sentiment neutral
materiality 0.55
Honda Auto Receivables 2026-1 issues $2.421B in asset-backed notes; 5 classes with coupons 3.71%-3.86%
Honda Auto Receivables 2026-1 Owner Trust
- Issued $2,421,053,000 of notes: Class A-1 (3.817%), A-2a (3.71%), A-2b (SOFR+0.34%), A-3 (3.78%), A-4 (3.86%).
- Underwriting agreement with MUFG, J.P. Morgan, TD Securities, Wells Fargo signed Feb 10, 2026.
- Notes expected to close February 18, 2026; AHFC retains at least 5% of each class.
- Proceeds will purchase Honda and Acura retail installment contracts and related property.
- Standard securitization structure with Receivables Purchase, Sale & Servicing, and Trust Agreements.