By Andrea Heisinger
Omaha, Nov. 2 - Toyota Motor Credit Corp. priced $500 million of 14-month floating-rate notes at par to yield Prime rate minus 277.5 basis points, according to a Securities and Exchange Commission filing.
The notes (Aaa/AAA) are non-callable.
Banc of America Securities was the bookrunner.
The company is the financing unit of Toyota Financial Services and is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 6, 2009
|
| Bookrunner: | Banc of America Securities LLC
|
| Coupon: | Prime rate minus 277.5 bps
|
| Price: | Par
|
| Yield: | Prime rate minus 277.5 bps
|
| Call: | Non-callable
|
| Trade date: | Nov. 1
|
| Settlement date: | Nov. 6
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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