By Andrea Heisinger
New York, April 2 - Toyota Motor Credit Corp. sold $300 million of one-year medium-term series B floating-rate notes (Aa3/AA-/) at par to yield Federal Funds rate plus 18 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes are non-callable.
BofA Merrill Lynch was the agent.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Medium-term series B floating-rate notes
|
| Amount: | $300 million
|
| Maturity: | April 7, 2014
|
| Agent: | BofA Merrill Lynch
|
| Coupon: | Federal Funds rate plus 18 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 18 bps
|
| Trade date: | April 1
|
| Settlement date: | April 4
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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