New Issue: Toyota Motor Credit sells $156 million two-year floaters to yield Libor plus 15 bps

By Andrea Heisinger

New York, Nov. 10 - Toyota Motor Credit Corp. sold $156 million of two-year floating-rate medium-term notes at par to yield three-month Libor plus 15 basis points, according to FWP filings with the Securities and Exchange Commission.

The notes (Aa2/AA/) have interest paid quarterly and are non-callable.

Deutsche Bank Securities LLC, Jefferies & Co., Inc., Toyota Financial Services Securities USA Corp. and UBS Securities LLC were the agents.

The U.S. funding arm of Toyota Financial Services is based in Torrance, Calif.

Issuer:	Toyota Motor Credit Corp.
Issue:	Floating-rate medium-term notes
Amount:	$156 million
Maturity:	Nov. 15, 2012
Agents:	Deutsche Bank Securities LLC, Jefferies & Co., Inc., Toyota Financial Services Securities USA Corp., UBS Securities LLC
Coupon:	Three-month Libor plus 15 bps
Price:	Par
Yield:	Three-month Libor plus 15 bps
Call:	Non-callable
Trade date:	Nov. 9
Settlement date:	Nov. 15
Ratings:	Moody's: Aa2
	Standard & Poor's: AA

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.