Commentary & Deal Flow

Reoffer: 3.75yr: MS+45 / 100 / 3.233% 8yr: MS+80 / 100 / 3.714%
Benchmark: 3.75yr: DBR 0 15-Feb-30 @ 91.04 / B+62.5 / HR 107% 8yr: DBR 2.2 15-Feb-34 @ 95.62 / B+87.0 / HR 103%

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+ (Both stable, Moody's/S&P)
• Format/Ranking: Senior Unsecured, Reg S Registered, Sustainability Bonds
• Settlement: 29-Jun-26
• ISIN:
• • 3.75yr: XS3413988604
  • 8yr: XS3413988786
• Size:
• • 3.75yr: €500m
  • 8yr: €500m
• Maturity Date:
• • 3.75yr: 29-Mar-30
  • 8yr: 29-Jun-34
• Coupon:
• • 3.75yr: 3.2302% (Annual), Short 1st Coupon
  • 8yr: 3.714% (Annual)
• Reoffer:
• • 3.75yr: Price 100, Yield 3.233%, Spread MS+45, Spread vs. Bench B+62.5
  • 8yr: Price 100, Yield 3.714%, Spread MS+80, Spread vs. Bench B+87.0
• Optional Redemption:
• • 3.75yr: Make Whole Call (B+10), 1m Par Call
  • 8yr: Make Whole Call (B+15), 3m Par Call
• Documentation: Standalone Prospectus
• 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
• Sales to Canada: Yes. Offers/sales into Ontario/Alberta/British Columbia only, subject to compliance with applicable law
• Joint 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
• Advertisement: The Offering Circular, when published, will be available on the website of the Singapore Stock Exchange https://www.sgx.com/
• Timing: PRICED. TOE 15:46 UKT, FTT 16:15 UKT