Published on 7/10/2013 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor Credit sells $250 million one-year floaters at Libor flat
By Andrea Heisinger
New York, July 10 - Toyota Motor Credit Corp. priced $250 million of one-year floating-rate medium-term notes (Aa3/AA-/) at par to yield Libor flat, according to an FWP filing with the Securities and Exchange Commission.
The agents were HSBC Securities (USA) Inc. 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: | $250 million
|
| Maturity: | July 14, 2014
|
| Agents: | HSBC Securities (USA) Inc., RBC Capital Markets LLC
|
| Coupon: | Libor flat
|
| Price: | Par
|
| Yield: | Libor flat
|
| Trade date: | July 9
|
| Settlement date: | July 12
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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