Toyota Finance Australia to sell Uridashis

Philip Bayley
As for other issuance last week, Westpac quietly raised US$90 million for one year, at a margin of just two basis points over Libor. And AOFM issued a further A$300 million of August 2020 inflation linked bonds at an average real yield of 2.545 per cent. The issue was oversubscribed 3.9 times.

Toyota Finance Australia (AA) has filed documents for a NZ$408 million Uridashi bond issue. The bonds, which will carry a 3.87 per cent coupon and mature in July 2012, will be issued on June 10.