Published on 3/12/2013 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor Credit prices $500 million two-year floaters at Libor plus 15 bps
By Andrea Heisinger
New York, March 12 - Toyota Motor Credit Corp. sold $500 million of two-year floating-rate notes (Aa3/AA-/) at par to yield Libor plus 15 basis points, according to an FWP filing with the Securities and Exchange Commission.
Agents were Citigroup Global Markets Inc. and HSBC Securities (USA) Inc.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | March 10, 2015
|
| Agents: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc.
|
| Coupon: | Libor plus 15 bps
|
| Price: | Par
|
| Yield: | Libor plus 15 bps
|
| Trade date: | March 11
|
| Settlement date: | March 13
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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