Toyota Motor Credit is issuing it second round of securitizing U.S. captive-finance auto loans this year through its Toyota Auto Finance Receivables trust in what could be between a $1.2 billion to $1.6 billion notes offering, according to a federal registration filing Wednesday.  

Toyota Auto Receivables 2016-B will initially be comprised of six classes of notes that will have an initial pool size of $1.2 billion, which could be increased to $1.6 billion. The initial principal amounts include $337 million of short-term Class A-1 money-market notes, and a floating/fixed-rate split of $368 million in Class A-2 notes due 2018. The Class A-3 notes sized at $362 million will mature in 2020, and $103 million in Class A-4 notes are due 2021.

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