Published on 7/20/2017 in the Prospect News Structured Products Daily.
New Issue: Toyota Motor Credit sells $25 million five-year fixed-to-floating notes
New York, July 20 – Toyota Motor Credit Corp. priced $25 million of fixed-to-floating notes due July 25, 2019, according to a 424B2 filing with the Securities and Exchange Commission.
The interest rate is 1.65% initially. Beginning Jan. 25, 2018, the rate will switch to Libor plus 10 basis points, payable quarterly with a floor of zero.
The notes are non-callable.
Barclays is the agent.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Fixed-to-floating notes
|
| Amount: | $25 million
|
| Maturity: | July 25, 2019
|
| Coupon: | 1.65% initially; from Jan. 25, 2018, Libor plus 10 bps, floor of zero; payable quarterly
|
| Price: | Par
|
| Call option: | Non-callable
|
| Pricing date: | July 18
|
| Settlement date: | July 25
|
| Agent: | Barclays
|
| Fees: | 0.1%
|
| Cusip: | 89236TEB7
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
