By Andrea Heisinger
New York, July 25 - Toyota Motor Credit Corp. priced $500 million of medium-term floating-rate notes due in Jan. 27, 2014 on Wednesday at par to yield Libor plus 16.5 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aa3/AA-/) have interest paid quarterly and are non-callable.
HSBC Securities (USA) Inc. was the agent.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 27, 2014
|
| Agent: | HSBC Securities (USA) Inc.
|
| Coupon: | Libor plus 16.5 bps
|
| Price: | Par
|
| Yield: | Libor plus 16.5 bps
|
| Call: | Non-callable
|
| Trade date: | July 25
|
| Settlement date: | July 27
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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