Honda will issue $350 million of bonds in a new round of bond-selling to the US Federal Reserve and other investors.
The money will be used to buy a variety of government bonds.
The company said the proceeds will be distributed to local governments, colleges and universities and corporations.
Honda said in a statement that it will issue the bonds in two waves starting with a $300-million bond offering and then a $350-million offer.
Honda also said it will provide an option to investors to buy the bonds for cash if the price drops.
The bonds will be sold to institutional investors, the company said.
The firm said it expects to sell at least 3 million bonds annually for more than 20 years.
The US economy added a robust 228,000 jobs last month and Honda reported $1.9 billion in sales in October.