⁍ A $750 million bond offering by Toyota Financial Services aimed at steering business to minority and women-owned underwriters.
⁍ Davis Polk touted its work on $1.9 billion in securities transactions that closed over the past week.
⁍ Toyota has tapped Davis Polk for a string of multibillion-dollar offerings over the years.
– Davis Polk & Wardwell has closed $1.9 billion in securities transactions over the past week, including a $750 million bond offering by Toyota Financial Services aimed at steering business to minority and women-owned underwriters, Westlaw Today reports. Toyota, which has tapped Davis Polk for a string of multibillion-dollar offerings over the years, trumpeted the new two-year, fixed rate bond as a continuation of its diversity and inclusion efforts. The lead underwriters of the deal are all minority and women-owned companies, with Citigroup Global Markets serving as the lead stabilizing bank.
Source: https://www.reuters.com/article/davis-polk-deals/davis-polk-snags-roles-on-19b-in-offerings-for-toyota-finance-wyndham-jamf-idUSL2N2EY25H