By Cristal Cody
Tupelo, Miss., April 26 – Toyota Motor Credit Corp. priced $150 million of seven-year floating-rate medium-term notes (Aa3/AA-) on Thursday at par to yield Libor plus 67 basis points, according to an FWP filing with the Securities and Exchange Commission.
Citigroup Global Markets Inc. was the bookrunner.
Toyota Motor Credit is a Torrance, Calif.-based financing arm and subsidiary of Toyota Motor Corp.
| Issuer: | Toyota Motor Credit Corp.
|
| Amount: | $150 million
|
| Maturity: | May 2, 2025
|
| Description: | Series B floating-rate medium-term notes
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | Libor plus 67 bps
|
| Price: | Par
|
| Yield: | Libor plus 67 bps
|
| Trade date: | April 26
|
| Settlement date: | May 2
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Distribution: | SEC registered
|
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