Toyota Motor Credit Corp. (5672A), the financing arm of Asia’s biggest automaker, received a $5 billion loan for general corporate purposes.
BNP Paribas SA, Citigroup Inc., Bank of America Corp. and the Bank of Tokyo-Mitsubishi UFJ Ltd. arranged the credit, according to a regulatory filing today. The loan has a 364-day maturity and replaces debt it obtained a year ago.
Moody’s Investors Service has given the Torrance, California-based company an investment grade credit rating of Aa3.
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