Toyota Finance Bond Coupons Highest Since 1999 on Yield Gain
Toyota Motor Corp.’s finance unit set terms for a ¥100 billion ($629 million) bond sale, with the five-year coupon climbing to the company’s highest for yen-denominated bonds since its 1999...
By Takahiko Hyuga · Bloomberg Markets
Toyota Motor Corp.’s finance unit set terms for a ¥100 billion ($629 million) bond sale, with the five-year coupon climbing to the company’s highest for yen-denominated bonds since its 1999 debut as rising yields on Japanese government bonds push up funding costs.