RULE 424(b)(2)
REGISTRATION NO. 33-56207
PRICING SUPPLEMENT NO. 29 TO PROSPECTUS DATED NOVEMBER 3, 1994
(As supplemented November 17, 1994)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Floating Rate Note)
(Due from 9 months to 30 years from date of issue)
Designation: Floating Rate Original Issue Date:
Medium-Term Notes Due June 30, 1995
July 1, 1996
Maturity Date:
Principal Amount: $30,000,000 July 1, 1996
Regular Record Dates:
Issue Price (as a percentage of Fifteenth calendar day (whether
Principal Amount): 100% or not a Business Day) prior to
the corresponding Interest
Payment Date
CUSIP: 44922L [ ]
Interest Determination Dates:
Interest Rate Base: Prime Rate The second Business Day next
preceding each relevant
Interest Reset Date and the
Spread: Minus 285 basis points Original Issue Date
Interest Reset Dates:
Initial Interest Rate: The Each Business Day commencing
Prime Rate minus a July 1, 1995
Spread of 285 basis points,
calculated as if the Original Interest Reset Period:
Issue Date were an Interest Daily, commencing with and
Reset Date including each Interest Reset
Date, to, but excluding, the
Commission or Discount (as a immediately following Interest
percentage of Principal Reset Date (or any such daily
Amount): 0.00% period after the Maturity Date)
Interest Payment Dates:
October 2, 1995, January 2,
1996, April 1, 1996 and the
Maturity Date
Redemption Provisions:
None
<PAGE>
Index Maturity: not applicable Form: [X] Book-Entry
[ ] Certificated
This Pricing Supplement supplements and, to the extent
inconsistent therewith, amends the description of the Notes referred
to above in the accompanying Prospectus Supplement and Prospectus.
<PAGE>
INTEREST
The Notes will bear interest at a rate reset on the Interest
Reset Dates specified above. The interest rate in effect from the
Original Issue Date to the first Interest Reset Date with respect to
the Notes will be the Initial Interest Rate. Thereafter, the interest
rate per annum on the Notes for each Interest Reset Period will be
determined as the Prime Rate minus a Spread of 285 basis points.
Interest on the Notes will be calculated based on the actual
number of days elapsed over a year of 360 days. The initial
Calculation Agent with respect to the Notes will be The Chase
Manhattan Bank (National Association).
If any Interest Payment Date or any Interest Reset Date
would otherwise be a day that is not a Business Day, such date will be
postponed to the next day that is a Business Day. For purposes of the
offering made hereby, "Business Day" as used herein and in the
accompanying Prospectus Supplement means any day on which commercial
banks and foreign exchange markets settle payments in The City of New
York. Capitalized terms used but not defined herein have the meanings
assigned in the accompanying Prospectus Supplement and Prospectus.
PLAN OF DISTRIBUTION
The Notes will be sold to Salomon Brothers Inc for resale to
one or more investors at the Issue Price set forth above. After the
initial offering of the Notes, the public offering price and any
concession or discount may be changed.
Dated: June 27, 1995.
