Published on 6/4/2014 in the Prospect News Investment Grade Daily.
New Issue: Toyota Motor Credit prices $1.25 billion floaters due 2015 at Libor flat
By Aleesia Forni
Virginia Beach, June 4 - Toyota Motor Credit Corp. priced a $1.25 billion issue of floating-rate medium-term notes (Aa3/AA-/), series B, due 2015 at par to yield Libor flat, according to a FWP filed with the Securities and Exchange Commission.
BofA Merrill Lynch, Citigroup Global Markets Inc., CastleOak Securities LP and Toyota Financial Services Securities were the agents.
The U.S. funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Amount: | $1.25 billion
|
| Description: | Floating-rate medium-term notes, series B
|
| Maturity: | June 10, 2015
|
| Agents: | BofA Merrill Lynch, Citigroup Global Markets Inc., CastleOak Securities LP and Toyota Financial Services Securities
|
| Coupon: | Libor plus 0 bps
|
| Price: | Par
|
| Yield: | Libor plus 0 bps
|
| Trade date: | June 4
|
| Settlement date: | June 9
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Distribution: | SEC-registered
|
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