KUALA LUMPUR (June 23): Toyota Capital Malaysia Sdn Bhd will raise up to RM2.5 billion through conventional and Islamic bonds (sukuk) to help fund its mid-term expansions in both conventional and Islamic automotive finance for Toyota and Lexus customers in Malaysia.
A joint statement today said Toyota Capital Malaysia has signed agreements with CIMB Investment Bank Bhd (CIMB IB) and Bank of Tokyo-Mitsubishi UFJ (Malaysia) Bhd (BTMU Malaysia) today, to set up the conventional and sukuk programmes guaranteed by Toyota Motor Finance (Netherlands) B.V.
CIMB IB and BTMU Malaysia are the joint principal advisers, joint lead arrangers, joint lead managers and joint bookrunners for the notes and sukuk programmes.
"The establishment of both notes programmes and sukuk programmes is the largest to-date for a Japanese corporate in Malaysia. This landmark transaction is reflective of the continued interest by Japanese corporates in Malaysia to tap the debt capital markets as an alternative source of funding," said Toyota Capital Malaysia, CIMB IB and BTMU Malaysia in the statement.
The tenure of the programmes ranges from seven years to 15 years from the date of the first issue.