Toyota Australia launches three-year domestic transaction

Toyota Finance Australia (Toyota Australia) (A+/A1) launched a new three-year, Australian dollar denominated, benchmark transaction on 23 March. Offered in either or both fixed- and floating-rate note formats, indicative price guidance for the deal is 58 basis points area over swap benchmarks. Pricing is expected on the day of launch, according to lead managers ANZ and Commonwealth Bank of Australia.