Toyota New Zealand launches NZ$100 million three-year FRN

Thursday, 11 May 2023

Disclosure type: launch
Issuer name: Toyota Finance New Zealand
Issuer rating: A+/A1
Expected issue rating: as issuer
Announcement date: 11 May 2023
Expected pricing date: 11 May 2023
Settlement date: 18 May 2023
Lead manager: ANZ

Transaction type: senior-unsecured floating-rate note
Indicative volume: NZ$100 million (US$63.7 million)
Maturity date: 18 May 2026
Coupon type: FRN
Issue price: par
Price guidance: 85-90bp/3m BKBM