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Published on 12/4/2008 in the Prospect News Investment Grade Daily.

New Issue: Toyota Motor Credit prices $145 million one-year floaters at Libor plus 100 bps

By Andrea Heisinger

New York, Dec. 4 - Toyota Motor Credit Corp. reopened its floating-rate notes due December 2009 with the total now $145 million, according to an FWP filing with the Securities and Exchange Commission.

The reopened medium-term notes priced at 100.0096 to yield three-month Libor plus 100 basis points. They have interest paid quarterly.

J.P. Morgan Securities Inc. was the agent.

The financing arm of Toyota Financial is based in Torrance, Calif.

Issuer:Toyota Motor Credit Corp.
Issue:Floating-rate medium-term notes
Amount:$145 million, including reopened amount
Maturity:Dec. 3, 2009
Agent:J.P. Morgan Securities Inc.
Coupon:Three-month Libor plus 100 bps, payable quarterly
Price:100.0096
Yield:Three-month Libor plus 100 bps
Trade date:Dec. 3
Settlement date:Dec. 12

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