By Andrea Heisinger
Omaha, May 28 - Toyota Motor Credit Corp. priced $150 million 13-month floating-rate medium-term notes on Wednesday at par to yield Federal Funds rate plus 44 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/) are non-callable and have interest payable quarterly.
Agents were Banc of America Securities LLC and Toyota Financial Services Securities USA Corp.
The U.S. arm of Toyota Financial Services is based in Torrance, Calif.
| Issuer: | Toyota Motor Credit Corp.
|
| Issue: | Floating-rate medium-term notes
|
| Amount: | $150 million
|
| Maturity: | June 26, 2009
|
| Agents: | Banc of America Securities LLC, Toyota Financial Services Securities USA Corp.
|
| Coupon: | Federal Funds rate plus 44 bps
|
| Price: | Par
|
| Yield: | Federal Funds rate plus 44 bps
|
| Call: | Non-callable
|
| Trade date: | May 28
|
| Settlement date: | May 30
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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