By Jennifer Chiou
New York, Nov. 7 - Toyota Motor Credit Corp. priced $75 million of floating-rate notes (Aaa/AAA) due Feb. 9, 2009, according to an FWP filing with the Securities and Exchange Commission.
The notes bear interest at Federal Funds plus 24 basis points, reset quarterly.
Mizuho Securities USA Inc. is the underwriter.
Torrance, Calif.-based Toyota Motor Credit is the U.S. financing arm of Toyota Financial Services, a subsidiary of Toyota Motor Corp., the largest carmaker in Japan.
Issuer: | Toyota Motor Credit Corp.
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Issue: | Floating-rate medium-term notes
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Amount: | $75 million
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Maturity: | Feb. 9, 2009
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Underwriter: | Mizuho Securities USA Inc.
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Coupon: | Federal Funds plus 24 bps
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Price: | Par
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Yield: | Federal Funds plus 24 bps
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Trade date: | Nov. 6
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Settlement date: | Nov. 9
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Ratings: | Moody's: Aaa
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| S&P: AAA
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Fees: | 0.01%
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