Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Toyota Raises $1.5 Billion With Sale of Fixed, Floating Bonds

Toyota Motor Corp.’s U.S. finance unit sold $1.5 billion of three-year bonds split between fixed-and floating-rate debt.

Toyota Motor Credit issued equal $750 million portions of 0.8 percent securities that yield 42 basis points more than similar-maturity Treasuries and floating-rate notes paying 29 basis points more than the three-month London interbank offered rate, according to data compiled by Bloomberg.

The unit’s $1.5 billion of 2 percent debt due September 2016 traded May 10 at 103.7 cents on the dollar to yield 0.86 percent, or 51.3 basis points more than Treasuries, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority. Those notes are rated Aa3 by Moody’s Investors Service and an equivalent AA- by Standard & Poor’s.

Toyota Motor Credit offers services including retail financing, retail leasing, wholesale financing and insurance, according to a company regulatory filing. Toyota is the world’s largest carmaker.

Libor, the rate at which banks say they can borrow in dollars from each other, was set at 0.274 percent today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.