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Published on 12/13/2011 in the Prospect News Investment Grade Daily.

New Issue: Toyota Motor Credit sells $260 million more 13-month floaters at Libor plus 20 bps

By Andrea Heisinger

New York, Dec. 13 - Toyota Motor Credit Corp. added $260 million to its sale of 13-month floating-rate notes, which priced at par to yield Libor plus 20 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes (Aa3/AA-) are non-callable.

Total issuance is $368 million, including $108 million previously priced.

Loop Capital Markets LLC was the agent for the add-on.

The U.S. financing arm of Toyota is based in Torrance, Calif.

Issuer:Toyota Motor Credit Corp.
Issue:Floating-rate notes
Amount:$260 million, added
Maturity:Jan. 11, 2013
Agent:Loop Capital Markets LLC
Coupon:Libor plus 20 bps
Price:Par
Yield:Libor plus 20 bps
Call:Non-callable
Trade date:Dec. 12
Settlement date:Dec. 15
Ratings:Moody's: Aa3
Standard & Poor's: AA-
Total issuance:$368 million, including $108 million previously priced

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