Published on 7/10/2013 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor Credit prices $300 million floaters due 2015 at Libor plus 10 bps
By Andrea Heisinger
New York, July 10 - Toyota Motor Credit Corp. sold $300 million of floating-rate medium-term notes due January 2015 (Aa3/AA-/) at par to yield Libor plus 10 basis points, according to an FWP filing with the Securities and Exchange Commission.
The agents were BofA Merrill Lynch, HSBC Securities (USA) Inc., Loop Capital Markets LLC and RBC Capital Markets LLC.
The U.S. funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $300 million
|
| Maturity: | Jan. 15, 2015
|
| Agents: | BofA Merrill Lynch, HSBC Securities (USA) Inc., Loop Capital Markets LLC, RBC Capital Markets LLC
|
| Coupon: | Libor plus 10 bps
|
| Price: | Par
|
| Yield: | Libor plus 10 bps
|
| Trade date: | July 9
|
| Settlement date: | July 12
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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