United States Hispanic Chamber of Commerce Applauds Toyota Launch of Diversity
and Inclusion Bond
WASHINGTON, March 11, 2013 (GLOBE NEWSWIRE) -- The United States Hispanic
Chamber of Commerce, the country's largest Hispanic business organization,
applauded Toyota's creation of a new financial services product aimed toward
improving diversity and inclusion. Toyota Financial Services (TFS) has
launched its first Diversity and Inclusion Corporate Bond, aimed at supporting
the company's corporate programs that foster diversity inside and outside of
"TFS's launch of a Diversity and Inclusion Corporate Bond will allow both
Toyota to reach a more diverse investor base and the Hispanic business
community to better access large, high profile procurement opportunities,"
said USHCC President and CEO Javier Palomarez. "With the creation of this new
financing tool, TFS has sent a strong message about the importance of business
practices that advance diversity and inclusion.
Citi, another long-standing USHCC partner, also led execution of the Diversity
and Inclusion Corporate Bond. "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.
The legal firm Gonzalez Saggio & Harlan, LLP served as co-counsel and lead
underwriters included: Ramirez & CO, Inc.; Lebenthal Capital Markets; Loop
Capital Markets; MischlerFinancial Group, Inc; and the Williams Capital Group,
LP. Also involved as co-managers were Cabrera Capital Markets, LLC and Guzman
"As one of the oldest and largest Hispanic Investment banks in the country,
Ramirez & Co., Inc. (Ramirez) was honored to be asked to participate in the
Toyota Financial Services (TFS) bond offering," said Samuel Ramirez Jr, Senior
Director at Ramirez. "Our team, along with several other very capable capital
markets firms, worked hard to make this transaction a success. Over our 40
years in business, we have built a track record of success with companies like
Toyota in the capital markets, proving that small/midsize investment banks do
bring considerable value and expertise to capital markets transactions.
Toyota has given Ramirez, as well as other firms, the opportunity to perform
at a higher level, allowing us to demonstrate our capabilities."
For more information on TFS's Capital Markets programs, please visit
www.toyotafinancial.com. For more information about Toyota's commitment to
diversity and inclusion, please visitwww.toyota.com/diversity
About the USHCC
Founded in 1979, the USHCC actively promotes the economic growth and
development of Hispanic entrepreneurs and represents the interests of over 3
million Hispanic-owned businesses across the United States that contribute in
excess of $465 billion to the American economy each year. It also serves as
the umbrella organization for more than 200 local Hispanic chambers and
business associations in the United States and Puerto Rico. Follow us on
CONTACT: Valentina Pereda, USHCC Communications Manager
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