Add as a preferred source on GoogleToyota Finance Bond Demand Tops 10 Times the Planned Issuance
Toyota Finance completed the one-year offering Oct. 27. It carried a 1.720% annual rate and a minimum subscription of 100,000 yen.
Toyota Finance completed a 1 billion-yen security-token bond Tuesday, Oct. 27, after demand exceeded planned issuance by more than 10 times, the Toyota Group’s first public offering of this kind.
The one-year bond carried an annual interest rate of 1.720%, and the minimum subscription was 100,000 yen. Retail investors could apply through the TOYOTA Wallet app without opening a securities account. A lottery determined allocations.
The offering also linked the bond to customer benefits, including track tickets and subsidies for car purchases.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.