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Published on 11/26/2008 in the Prospect News Investment Grade Daily.

New Issue: Toyota Motor Credit sells $91 million one-year floaters to yield Libor plus 100 bps

By Andrea Heisinger

New York, Nov. 26 - Toyota Motor Credit Corp. priced $91 million one-year floating-rate notes at par to yield three-month Libor plus 100 basis points, according to a 424B3 filing with the Securities and Exchange Commission.

The medium-term notes have interest paid quarterly and are non-callable.

Agents were Citigroup Global Markets and Morgan Stanley & Co. Inc.

The arm of Toyota Financial Services is based in Torrance, Calif.

Issuer:Toyota Motor Credit Corp.
Issue:Floating-rate medium-term notes
Amount:$91 million
Maturity:Dec. 3, 2009
Agents:Citigroup Global Markets, Morgan Stanley & Co. Inc.
Coupon:Three-month Libor plus 100 bps
Price:Par
Yield:Three-month Libor plus 100 bps
Call:Non-callable
Trade date:Nov. 25
Settlement date:Dec. 1

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