Toyota unit to sell A$995 mln uridashi bonds

TOKYO, Dec 13 (Reuters) - Toyota Motor Credit Corp., a unit of Japan's Toyota Motor Corp. (7203.T: Quote, Profile, Research, Stock Buzz) will sell A$995 million ($878.2 million) worth of uridashi bonds in two tranches, documents filed with Japanese financial authorities showed on Thursday.

The offer includes a A$925 million tranche in three-year bonds, with a 6.86 percent coupon, and a A$70 million tranche in five-year step-up bonds. The bonds will be issued on Dec. 20.

Toyota Motor Credit is rated triple A by Moody's Investors Service and Standard & Poor's.

Uridashis are foreign bonds sold to Japanese retail investors. ($1=1.133 Australian Dollar)

(Reporting by Rika Otsuka)