Published on 2/6/2008 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor Credit sells $175 million one-year floaters to yield Prime rate minus 279 bps
By Andrea Heisinger
Omaha, Feb. 6 - Toyota Motor Credit Corp. priced $175 million one-year floating-rate notes (Aaa/AAA) on Wednesday at par to yield Prime rate minus 279 basis points, according to an FWP filing with the Securities and Exchange Commission.
Interest is payable quarterly.
Merrill Lynch, Pierce, Fenner & Smith Inc. was the agent.
The U.S. arm of Toyota Financial Services is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $175 million
|
| Maturity: | Feb. 12, 2009
|
| Agent: | Merrill Lynch, Pierce, Fenner & Smith Inc.
|
| Coupon: | Prime rate minus 279 bps
|
| Price: | Par
|
| Yield: | Prime rate minus 279 bps
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 11
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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