Toyota Motor Credit is marketing another $1.25 billion of bonds backed by retail auto loans.

Toyota Auto Receivables 2016-D Owner Trust TAOT 2016-D is the sponsor’s fourth auto loan securitization to be issued under their Regulation AB II compliant retail shelf, according to Standard & Poor’s. The trust will  issue a $341 million money market tranche and three senior term tranches initially rated ‘AAA.’ Total credit enhancement for all four tranches is  2.75%.

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