By Andrea Heisinger
Omaha, July 1 - Toyota Motor Credit Corp. priced $300 million one-year floating-rate notes on Tuesday at par to yield Federal Funds rate plus 50 basis points, according to an FWP filing with the Securities and Exchange Commission.
The non-callable medium-term notes (Aaa/AAA) pay interest quarterly.
J.P. Morgan 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: | $300 million
|
| Maturity: | July 10, 2009
|
| Agent: | J.P. Morgan Securities Inc.
|
| Coupon: | Federal Funds rate plus 50 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 50 bps
|
| Call: | Non-callable
|
| Trade date: | July 1
|
| Settlement date: | July 8
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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