CREDIT DAYBOOK AMERICAS: Toyota Tees Up Bond Sale as Yields Fall

June 24, 2025, 11:30 AM UTC

Japanese heavyweights Toyota and Nomura began investment-grade dollar-bond sales overnight, kicking off potentially another active session Tuesday amid a fragile ceasefire that Trump declared between Israel and Iran.

  • Three US high-grade deals are already in the market, also including an offering from Australian bank Westpac
    • Six firms sold a combined $9 billion of notes on Monday even as several candidates held back possible deals amid the Mideast conflict
    • Average investment-grade yields fell to 5.13%, the lowest since April 4, and Treasuries yields have dropped this morning
  • In leveraged finance, US leveraged-loan launches topped $10 billion for the first time since ...





Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.