On 13 November, Toyota Finance Australia (Toyota Australia) (AA-/Aa3) launched a new, benchmark Australian dollar denominated transaction. The forthcoming deal will be comprised of three-year tranches in either or both fixed- and floating-rate format with indicative price guidance of 78 basis points area over swap benchmarks. There will also be a five-year fixed-rate tranche, being marketed at 100 basis points area over semi-quarterly swap.