Commentary & Deal Flow

3.75yr: Final Book €1.15bn (Peak >€2.55bn) | 8yr: Final Book €1.5bn (Peak >€1.95bn)

Launched:
3.75yr: €500m @ MS+45bp - Books >€2.55bn
8yr: €500m @ MS+80bp - Books >€1.95bn

IPTs: 3.75yr: MS+80a 8yr: MS+110a

• Issuer: Toyota Motor Corporation
• Ticker: TOYOTA
• Country: Japan
• LEI: 5493006W3QUS5LMH6R84
• Expected Ratings: A1/A+ (Moody's/S&P)
• Security Description: Senior Unsecured Sustainability Bonds
• Registration: Regulation S Registered
• Size:
• • 3.75yr: €500m
  • 8yr: €500m
• Maturity Date:
• • 3.75yr: 29-Mar-30
  • 8yr: 29-Jun-34
• Optional Redemption:
• • 3.75yr: Make Whole Call, 1m Par Call
  • 8yr: Make Whole Call, 3m Par Call
• Benchmark German Government Bond:
• • 3.75yr: DBR 0 15-Feb-30 (HR 107%)
  • 8yr: DBR 2.2 15-Feb-34 (HR 103%)
• Bookrunners: J.P. Morgan (B&D), BofA Securities, Morgan Stanley, Barclays, BNP Paribas
• Use of Proceeds: Eligible Projects as defined in the issuer’s Preliminary Offering Circular for the offering dated 18-Jun-26
• Minimum Denoms: €100,000 and integral multiples of €1,000 in excess thereof
• Listing: Singapore Exchange Securities Trading Limited (SGX-ST)
• Governing Law: English Law
• Settlement: 29-Jun-26
• Hedge Deadline: 15.35 UKT / 16.35 CET
• Timing: Pricing shortly
• ISIN:
• • 3.75yr: XS3413988604
  • 8yr: XS3413988786
• Advertisement: The Offering Circular, when published, will be available on the website of the Singapore Stock Exchange https://www.sgx.com/