UPDATE 1-Toyota unit files US $12 bln debt shelf

Newswire

(Adds background, stock price) WASHINGTON, March 17 (Reuters) - Toyota Motor Credit Corp., the finance unit of Toyota Motor Corp. , filed with the U.S. Securities and Exchange Commission to periodically sell up to $12 billion in debt securities. The unit said in a registration statement filed with the SEC that it plans to use the proceeds from the shelf offering for general corporate purposes, debt repayment and investments. Toyota shares were up $1.45, or 2 percent, at $71.21 on the ...

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