By Andrea Heisinger
New York, Nov. 19 - Toyota Motor Credit Corp. sold $300 million of two-year floating-rate medium-term notes, series B, on Monday at par to yield Libor plus 17 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa3/AA-/) are non-callable.
RBC Capital Markets LLC and Toyota Financial Services Securities USA Corp. were the agents.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes, series B
|
| Amount: | $300 million
|
| Maturity: | Nov. 21, 2014
|
| Bookrunners: | RBC Capital Markets LLC, Toyota Financial Services Securities USA Corp.
|
| Coupon: | Libor plus 17 bps
|
| Price: | Par
|
| Yield: | Libor plus 17 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 19
|
| Settlement date: | Nov. 21
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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