Toyota is the latest lender to join the growing auto loan ABS issuance pipeline that has seen over $3 billion  issued this week.

The deal, Toyota Auto Receivables 2014-B Owner Trust, will offer a total of $1.25 billion of securities, including class A-1 $356 million of money market notes that will be retained by Toyota and three classes of notes with preliminary 'AAA' ratings from Standard & Poor's: $404 million class A-2 notes naturing in December 2016; $334 million class A-3 notes maturing in March 2018; and $124.7 million class A-4 notes maturing in September 2019.

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