Toyota Motor Credit Corp. has issued $2.5 billion of senior unsecured medium-term notes, The Wall Street Journal reports. The company will utilize the proceeds for general corporate purposes, which could include repayment of outstanding debt securities.

The first tranche of $1.5 billion notes will mature in 2016, while the second tranche of $1 billion notes will mature in 2021. Bank of America Merrill Lynch, BNP Paribas, Deutsche Bank, Morgan Stanley and UBS Securities are joint bookrunners for the sale.

Click here for the story from The Wall Street Journal.