Toyota to sell $2.1 billion bonds

Toyota Motor Corp, the world’s biggest carmaker, will sell $2.1 billion in bonds, according to a document filed today with Japan’s finance ministry.

The company will sell ¥120 bn in five-year bonds with a coupon of 1.34 per cent at a price of 99.96 per cent of face value, and ¥80 billion in 10-year bonds with a coupon of 2.01per cent at 99.98 per cent of face value, according to the document.

Toyota revised its fiscal year loss estimate to ¥450 billion, three times the previously projected loss, as global car sales plunge, and investment planning in Tokyo at Fukoku Mutual Life Insurance Co.

Toyota revised its fiscal year loss estimate to ¥450 bn yen, three times the previously projected loss, as car sales plunge.