By Jennifer Chiou
New York, Oct. 12 - Toyota Motor Credit Corp. priced $10 million of medium-term fixed-rate/capped floating-rate notes due Oct. 30, 2017 on Wednesday at par, according to a 424B2 filing with the Securities and Exchange Commission.
The notes initially bear interest at 1.5% per year. Beginning on Oct. 30, 2013, the notes will bear interest at Libor plus 25 basis points, subject to a cap of 3.5%.
The notes are non-callable.
Barclays Capital Inc. was the agent.
The funding arm of Toyota is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Medium-term fixed-rate/capped floating-rate notes
|
| Amount: | $10 million
|
| Maturity: | Oct. 30, 2017
|
| Coupon: | 1.5% per year initially; beginning on Oct. 30, 2013, Libor plus 25 bps, capped at 3.5%
|
| Price: | Par
|
| Call: | Non-callable
|
| Trade date: | Oct. 10
|
| Settlement date: | Oct. 30
|
| Fees: | 0.5%
|
| Agent: | Barclays Capital Inc.
|
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