Toyota Finance NZ raises NZ$50 million in bonds

Newswire

WELLINGTON, Nov 24 (Reuters) - Toyota Finance New Zealand Ltd, the local finance arm of the Japanese motor company , said on Thursday it had issued NZ$50 million ($34.7 million) worth of three-year bonds. The senior, unsecured notes, maturing 15 July 2009, have a coupon rate of 7.19 percent, at a spread of four basis points over swaps, the company said. "Local investors were very comfortable with the credit and our approach to the market. This resulted in strong demand for the bonds and ...

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