Toyota Thai unit plans 3 bln baht bonds in July


BANGKOK, June 25 (Reuters) - The Thai leasing unit of Toyota Motor Corp plans to sell up to 3 billion baht ($90 million) of bonds next month to raise funds for lending, fund managers said on Wednesday. The secured bonds, to be issued by Toyota Leasing (Thailand) Co, would be offered to institutional investors and were expected to have a maturity of 1-2 years, two fund managers and a bank official at an underwriter told Reuters. Benchmark one-year government bonds were yielding 4.19 ...

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