Bloomberg News

Toyota China Unit Borrows 800 Million Yuan in Three-Year Loan

November 29, 2011

Nov. 29 (Bloomberg) -- Toyota Motor Finance China Co., a unit of Toyota Motor Corp., signed an 800 million yuan loan which matures in November 2014, according to data compiled by Bloomberg.

Funds will be used for general corporate purposes and the facility pays a margin of 160 basis points to 230 basis points more than the Shanghai interbank offered rate, the data show. China Citic Bank Corp. organized the loan, the data show.

To contact the editor responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net


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