February 29, 2008 / 3:46 AM / 11 years ago

Toyota unit to sell NZ$741 mln uridashi bond

TOKYO, Feb 29 (Reuters) - Toyota Motor Credit Corp, a unit of Toyota Motor Corp (7203.T), will sell a NZ$741 million ($604 million) uridashi bond, documents filed with Japanese financial authorities showed on Friday.

The bonds, which will be issued on March 13, will carry a 7.42 percent coupon.

The sales period runs from March 3 through March 13, with a maturity date of March 25, 2010.

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=1.227 New Zealand Dollar)

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