By Andrea Heisinger
Omaha, May 8 - Toyota Motor Credit Corp. priced $400 million two-year floating-rate medium-term notes at par to yield Federal Funds rate plus 30 basis points, according to a 424B3 filing with the Securities and Exchange Commission.
The non-callable notes will pay interest quarterly.
Deutsche Bank Securities 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: | $400 million
|
| Maturity: | May 7, 2010
|
| Agent: | Deutsche Bank Securities Inc.
|
| Coupon: | Federal Funds rate plus 30 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 30 bps
|
| Call: | Non-callable
|
| Trade date: | May 7
|
| Settlement date: | May 12
|
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