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Published on 9/10/2007 in the Prospect News Investment Grade Daily.

New Issue: Toyota Motor Credit upsizes to $165 million one-year floaters to yield Libor minus 3 bps

By Jennifer Chiou

New York, Sept. 10 - Toyota Motor Credit Corp. upsized to $165 million its issue of floating-rate notes due Sept. 15, 2008 that were priced at par to yield Libor minus 3 basis points, according to an FWP with the Securities and Exchange Commission.

Toyota Motor Credit originally priced $150 million of the floaters on Sept. 7.

The agent was Williams Capital Group, LP.

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.
Amount:$165 million (upsized from $150 million)
Maturity:Sept. 15, 2008
Security description:Senior medium-term floating-rate series B notes
Agent:Williams Capital Group, LP
Coupon:Libor minus 3 bps
Price:Par
Yield:Libor minus 3 bps
Trade date:Sept. 7
Settlement date:Sept. 12
Fees:0.01%

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