By Andrea Heisinger
New York, Jan. 7 - Toyota Motor Credit Corp. reopened its three-year floating-rate notes (Aaa/AAA) to add $11 million and then $5 million, according to FWP filings with the Securities and Exchange Commission.
Both have a reoffer price of 99.99983 and a coupon of three-month Libor plus 350 basis points. They are non-callable with interest payable quarterly.
Total issuance is $323 million, including $307 million priced at par on Jan. 5.
Agent for the $11 million of reopened notes was Toyota Financial Services Securities USA Corp.
Agent for the $5 million reopening was Banc of America Securities LLC.
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: | $16 million reopened
|
| Trade date: | Jan. 6
|
| Settlement date: | Jan. 9
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Total issuance: | $323 million, including $307 million priced Jan. 5
|
|
|
| First reopening
|
| Amount: | $11 million
|
| Maturity: | Jan. 9, 2012
|
| Agent: | Toyota Financial Services Securities USA Corp.
|
| Coupon: | Three-month Libor plus 350 bps, payable quarterly
|
| Price: | 99.99983 plus accrued interest from Jan. 8 to Jan. 9
|
|
|
| Second reopening
|
| Amount: | $5 million
|
| Maturity: | Jan. 9, 2012
|
| Agent: | Banc of America Securities LLC
|
| Coupon: | Three-month Libor plus 350 bps, payable quarterly
|
| Price: | 99.99983 plus accrued interest from Jan. 8 to Jan. 9
|
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