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Toyota Financial Services (TFS) Launches Diversity & Inclusion Bond



     Toyota Financial Services (TFS) Launches Diversity & Inclusion Bond

PR Newswire

TORRANCE, Calif., Jan. 18, 2013

TORRANCE, Calif., Jan. 18, 2013 /PRNewswire/ -- Toyota Financial Services
(TFS) launched its first Diversity & Inclusion Bond.  This new type of
bond syndication will become a component of the company's comprehensive
funding program, and is firmly in line with the company's corporate
initiatives, supplementing its strong focus on diversity, both inside and
outside of the workplace.

The execution of this bond reflects the collaboration among TFS, Lebenthal
Capital Markets, and Citi, who worked together to develop this transaction. 
Lebenthal Capital Markets has trademarked a Diversity Bond, which provided a
framework for the TFS Diversity & Inclusion bond.  Diversity and
minority-owned firms were elevated to lead underwriting roles on this
syndicated transaction.  TFS is pleased to be working with a diverse range of
underwriters, including Lebenthal Capital Markets, Loop Capital Markets,
Mischler Financial Group, Inc., Ramirez & Co, Inc., and The Williams Capital
Group, LP.  Citi, also among the leads, shares a long-standing relationship
with TFS, and is equally committed to diversity initiatives.  "Citi's Capital
Markets team is proud to partner with Toyota on this groundbreaking
transaction, which is a testament to the importance of Diversity & Inclusion
initiatives to Toyota, Citi, and the industry," said Peter Aherne, Head, North
America Capital Markets, Syndicate and New Products at Citi.

A diversity law firm, Gonzalez Saggio & Harlan, LLP, is acting as co-issuer's
counsel, together with Davis Polk & Wardwell, LLP.  O'Melveny & Myers, LLP is
acting as underwriters' counsel.

The Diversity & Inclusion Bond provides numerous benefits.  It allows TFS to
capture a more diverse investor base, increasing the depth and resiliency of
its U.S. registered bond program.  The new type of bond syndication also
enables diversity firms to strengthen their relationships with clients, and
gives their investors more access to TFS bonds and the opportunity to
participate in higher profile deals.

The response from investors, banks, and other issuers has been positive.  TFS
intends for this to be the first of similar transactions, sending a strong
message to other firms about the emphasis TFS places on diversity and
inclusion.

TFS' commitment to diversity, including philanthropic endeavors, associate
training programs, and other diversity initiatives, has led to TFS being
recognized repeatedly by DiversityInc, Black Enterprise, Hispanic Business,
and the Human Rights Campaign as leaders in diversity and inclusion.

For more information on TFS' Capital Markets programs, please visit
www.toyotafinancial.com.  For more information about Toyota's commitment to
diversity and inclusion, please visit www.toyota.com/diversity.  Lebenthal
Capital Markets may be contacted for information on their Diversity Bond
program.

About Toyota Financial Services

TFS is the finance and insurance brand for Toyota in the United States,
offering retail auto financing and leasing through Toyota Motor Credit
Corporation (TMCC) and Toyota Lease Trust and extended service contracts
through Toyota Motor Insurance Services (TMIS).  Lexus Financial Services is
the brand for financial products for Lexus dealers and customers. TFS
currently employs over 3,300 associates nationwide, and has managed assets
totaling $93.1 billion.  It is part of a worldwide network of comprehensive
financial services offered by Toyota Financial Services Corporation, a
wholly-owned subsidiary of Toyota Motor Corporation.  For more information,
please visit www.toyotafinancial.com.

SOURCE Toyota Financial Services

Website: http://www.toyotafinancial.com
Contact: Justin Leach, +1-310-468-2762
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