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Published on 2/28/2008 in the Prospect News Investment Grade Daily.

New Issue: Toyota Motor Credit $100 million notes due December 2010 yield Libor plus 3 bps

By Andrea Heisinger

Omaha, Feb. 28 - Toyota Motor Credit Corp. priced $100 million floating-rate medium-term notes (Aaa/AAA) due Dec. 20, 2010 at par Thursday to yield three-month Libor plus 3 basis points, according to an FWP filing with the Securities and Exchange Commission.

Interest is payable quarterly.

Lehman Brothers 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 medium-term notes
Amount:$100 million
Maturity:Dec. 20, 2010
Agent:Lehman Brothers Inc.
Coupon:Three-month Libor plus 3 bps
Price:Par
Yield:Three-month Libor plus 3 bps
Trade date:Feb. 28
Settlement date:March 13
Ratings:Moody's: Aaa
Standard & Poor's: AAA

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