Toyota Motor Credit Corporation $2.5 billion 2.2%, 2.7%, 3.05% and floating rate notes issues

11/1/2018
Investment grade bond/note issue

$ 2.5 billion

Completed

11/1/2018


Overview:

  • Toyota Motor Credit Corporation (TMCC) has issued $2.5 billion in senior notes.
  • The issue consisted of of $750 million 2.200% medium term notes due 2020, $400 million floating rate medium term notes due 2020, $600 million 2.700% medium term notes due 2023, $250 million floating rate medium term notes due 2023 and $500 million 3.050% medium term notes due 2028. 
  • The issuer provides financing, retail leasing and other financial services.
  • The company is an indirect wholly owned subsidiary of Toyota Motor Corporation of Japan.
  • TMCC was represented by in-house counsel. 

Katrin Kostadinova - Data analyst 

Jurisdiction:

United States

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

United States

Industry sector:

Financial services


Firm:

Party: Toyota Motor Credit Corporation (Issuer)