By Andrea Heisinger
New York, June 6 - Toyota Motor Credit Corp. increased the size of its one-year floating-rate medium-term notes, series B, to $500 million, according to an FWP filing with the Securities and Exchange Commission on Thursday.
The notes (Aa3/AA-) had an original size of $350 million on Wednesday, but the size was increased the same day. Pricing was at par to yield Libor minus 1 basis point.
Agents were BofA Merrill Lynch and RBC Capital Markets LLC.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Medium-term floating-rate notes, series B
|
| Amount: | $150 million add-on
|
| Maturity: | June 11, 2014
|
| Agents: | BofA Merrill Lynch, RBC Capital Markets LLC
|
| Coupon: | Libor minus 1 bp
|
| Price: | Par
|
| Yield: | Libor minus 1 bp
|
| Trade date: | June 5
|
| Settlement date: | June 10
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Total amount: | $500 million, including $350 million also priced June 5
|
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