Demand for Toyota’s senior bonds backed by prime, fixed rate auto loan receivables increased the offering size by over $86 million to $865 million, according to a deal document.

Toyota Auto Receivables Owner Trust 2014-C  priced the ‘AAA’/ ‘Aaa’ rated, one-year class A2 notes at 18 basis points over the Eurodollar synthetic forward. The two-year, class A3 notes were sold at a spread of 17 basis points over swaps and the three-year, A4 notes priced at 18 basis points over interpolated swaps.

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