Rare Toyota Industries deal spices up MTN menu

By Frank Jackman
28 Oct 2019

Infrequent issuer Toyota Industries Finance International revisited the MTN market at the end of last week to place its second euro floater of the year. Meanwhile, in dollars, a trio of emerging market banks have printed fixed and floating rate paper in the last week.

Having started as a loom maker, and now the largest forklift truck manufacturer in the world, Toyota Industries is the company from which Toyota Motors emerged.

Toyota Industries Finance Internationalissued a €100m two year (November 2021) floating rate note on Thursday, paying a coupon of 17.5bp over ...

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