Published on 9/18/2013 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor sells $350 million two-year floaters at Libor plus 15 bps
By Aleesia Forni
Virginia Beach, Va., Sept. 18 - Toyota Motor Credit Corp. priced a $350 million offering of floating-rate notes due Sept. 18, 2015 at par to yield Libor plus 15 basis points, according to an FWP filing with the Securities and Exchange Commission.
Cabrera Capital Markets, LLC, CastleOak Securities, LP, Citigroup Global Markets Inc., Drexel Hamilton, LLC, Muriel Siebert & Co., Inc. and Toussaint Capital Partners LLC were the joint bookrunners.
The U.S. funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Amount: | $350 million
|
| Description: | Medium-term notes, Series B
|
| Maturity: | Sept. 18, 2015
|
| Bookrunners: | Cabrera Capital Markets, LLC, CastleOak Securities, LP, Citigroup Global Markets Inc., Drexel Hamilton, LLC, Muriel Siebert & Co., Inc., Toussaint Capital Partners LLC
|
| Co-managers: | Blaylock Robert Van, LLC, BNP Paribas Securities Corp., Lebenthal & Co., LLC, Loop Capital Markets LLC, BofA Merrill Lynch, Mischler Financial Group, Inc.
|
| Coupon: | Libor plus 15 bps
|
| Price: | Par
|
| Yield: | Libor plus 15 bps
|
| Trade date: | Sept. 17
|
| Settlement date: | Sept. 20
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
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