TMCC makes rare euro visit for €1.75bn
Toyota Motor Credit Corp made a recently-rare visit to the euro market today, raising €1.75bn of bonds in its first outing in the currency for four years.
Active bookrunners Barclays, BNP Paribas and HSBC announced benchmark 4.5 year and 10 year tranches this morning at initial price thoughts of 40bp area and 70bp area over mid-swaps.The Aa3/AA- rated US car finance arm of Toyota attracted a book of about 3.75bn, fairly evenly split though ...
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