Japanese bond market cheers Toyota issue

Newswire

By Edwina Gibbs TOKYO, Aug 23 (Reuters) - Toyota Motor Corp, riding its high credit rating, returned to Japan's corporate bond market after a four-year break on Friday with a 150 billion yen ($1.25 billion) issue, cheering a market that has grown weary of slim pickings. The size of the 10-year issue is only a drop in the bucket for cash-rich Toyota -- which has a higher credit rating than bonds issued by the Japanese government itself. Analysts said, however, that it did provide an ...

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