Toyota Australia launches three-year domestic benchmark transaction

On 10 February, Toyota Finance Australia (Toyota Australia) (AA-/Aa3) launched a new three-year, Australian dollar denominated, benchmark transaction, offered in either or both fixed and floating-rate formats. Indicative price guidance for the forthcoming deal, which is expected to price on the day after launch, is 65-68 basis points area over swap benchmarks. ANZ and Commonwealth Bank of Australia are leading.