New Issue: Toyota Motor Credit prints $1 billion one-year floaters at Libor plus 33 bps

By Cristal Cody

Eureka Springs, Ark., April 19 – Toyota Motor Credit Corp. priced $1 billion of one-year floating-rate medium-term notes (Aa3/AA-) at par to yield Libor plus 33 basis points on Tuesday, according to an FWP filing with the Securities and Exchange Commission.

BofA Merrill Lynch, RBC Capital Markets, LLC and Toyota Financial Services Securities USA Corp. were the bookrunners.

Toyota Motor Credit is a Torrance, Calif.-based financing arm of Toyota Motor Corp.

Issuer:	Toyota Motor Credit Corp.
Amount:	$1 billion
Maturity:	April 24, 2017
Securities:	Floating-rate medium-term notes
Bookrunners:	BofA Merrill Lynch, RBC Capital Markets, LLC, Toyota Financial Services Securities USA Corp.
Coupon:	Libor plus 33 bps
Price:	Par
Yield:	Libor plus 33 bps
Trade date:	April 19
Settlement date:	April 22
Ratings:	Moody’s: Aa3
	Standard & Poor’s: AA-
Distribution:	SEC registered

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