Bond Toyoda Motor Finance 0% ( US89233P7H38 ) in USD

Issuer Toyoda Motor Finance
Market price 100 %  ⇌ 
Country  United States
ISIN code  US89233P7H38 ( in USD )
Interest rate 0%
Maturity 23/01/2015 - Bond has expired



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Minimal amount 1 000 USD
Total amount 300 000 000 USD
Cusip 89233P7H3
Standard & Poor's ( S&P ) rating NR
Moody's rating NR
Detailed description Toyota Motor Credit Corporation (TMCC) is a financial services subsidiary of Toyota Motor Corporation that provides financing and leasing options for Toyota and Lexus vehicles.

This financial article details a bond issuance, identified by ISIN US89233P7H38 and CUSIP 89233P7H3, which was issued by Toyota Motor Credit. Operating out of the United States, Toyota Motor Credit Corporation is a prominent financial services subsidiary of Toyota Motor Corporation, one of the world's largest automotive manufacturers. As a captive finance company, it plays a pivotal role in supporting the sale of Toyota and Lexus vehicles, as well as providing financial services to Toyota dealerships and customers primarily in North America, thus being integral to the parent company's global sales strategy. The bond was a U.S. Dollar (USD) denominated instrument with a total issuance size of $300,000,000, designed to be accessible with a minimum purchase size of $1,000 per unit. A key characteristic of this particular debt instrument was its stated interest rate of 0%, indicating that it was structured as a zero-coupon bond. In such a structure, investors do not receive periodic interest payments; instead, their return is derived from the difference between the bond's purchase price (typically at a discount) and its full face value received at maturity. Therefore, while a payment frequency of two (implying semi-annual) was noted, this would not apply to interest distributions in the context of a zero-coupon security. The bond reached its scheduled maturity date on January 23, 2015, at which point it was fully redeemed at 100% of its principal value, concluding its financial lifecycle. Despite its issuance by a highly reputable entity, this specific bond received a "Not Rated" (NR) designation from both Standard & Poor's and Moody's, indicating that these major credit rating agencies did not assign a formal credit assessment to this particular security.