Toyota NZ finance arm issues NZ$100 mln in bonds

Newswire

WELLINGTON, Nov 26 (Reuters) - Toyota Finance New Zealand Ltd has raised NZ$100 million ($64 million) from New Zealand institutions through a bond issue. Senior, unsecured notes to the value of NZ$75 million maturing March 2007 will be issued at a coupon rate of 6.58 percent at a spread of 11 basis points over swaps to domestic institutional investors, Toyota Finance said in a statement. An additional NZ$25 million of bonds maturing in April 2008, will also be placed with one single ...

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