Toyota Financial Services (TFS) Launches Diversity & Inclusion Bond

TORRANCE, Calif., Jan. 18, 2013 /PRNewswire/ —Toyota Financial Services (TFS) launched its first Diversity & Inclusion Bond. This new type of bondsyndication will become a component of the company’s comprehensive funding program, and is firmly in line with the company’s corporate initiatives, supplementing its strong focus on diversity, both inside and outside of the workplace.

The execution of this bond reflects the collaboration among TFS, Lebenthal Capital Markets, and Citi, who worked together to develop this transaction. Lebenthal Capital Markets has trademarked a Diversity Bond, which provided a framework for the TFS Diversity & Inclusion bond. Diversity and minority-owned firms were elevated to lead underwriting roles on this syndicated transaction. TFS is pleased to be working with a diverse range of underwriters, including Lebenthal Capital Markets, Loop Capital Markets, Mischler Financial Group, Inc., Ramirez & Co, Inc., and The Williams Capital Group, LP. Citi, also among the leads, shares a long-standing relationship with TFS, and is equally committed to diversity initiatives. “Citi’s Capital Markets team is proud to partner with Toyota on this groundbreaking transaction, which is a testament to the importance of Diversity & Inclusion initiatives to Toyota, Citi, and the industry,” said Peter Aherne , Head, North America Capital Markets, Syndicate and New Products at Citi.