By Andrea Heisinger
Omaha, Jan. 3 - Toyota Motor Credit Corp. priced $325 million of 13-month floating-rate medium-term notes Thursday at par to yield one-month Libor plus 5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA) pay interest monthly.
Merrill Lynch, Pierce, Fenner & Smith Inc. was the bookrunner.
The U.S. arm of Toyota Financial Services is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $325 million
|
| Maturity: | Feb. 3, 2009
|
| Bookrunner: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Coupon: | One-month Libor plus 5 bps
|
| Price: | Par
|
| Yield: | One-month Libor plus 5 bps
|
| Pricing date: | Jan. 3
|
| Settlement date: | Jan. 8
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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