By Andrea Heisinger
New York, Aug. 13 - Toyota Motor Credit Corp. priced $135 million 13-month floating-rate notes at par to yield Federal Funds rate plus 50 basis points, according to FWP filing with the Securities and Exchange Commission.
The medium-term notes (Aaa/AAA) have interest paid quarterly.
Agents are Barclays Capital Inc., Toyota Financial Services Securities USA Corp. and Banc of America Securities LLC.
The U.S. financing arm of Toyota Financial Services is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $135 million
|
| Maturity: | Sept. 11, 2009
|
| Agents: | Barclays Capital Inc., Toyota Financial Services Securities USA Corp., Banc of America Securities LLC
|
| Coupon: | Federal Funds rate plus 50 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 50 bps
|
| Trade date: | Aug. 12
|
| Settlement date: | Aug. 15
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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