RULE 424(b)(3)
REGISTRATION NO. 333-06335
PRICING SUPPLEMENT NO. 27 TO PROSPECTUS DATED July 30, 1996
(As supplemented August 8, 1996)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due One Year or More from Date of Issue)
Designation: Fixed Rate Original Issue Date:
Medium-Term Notes Due April 2, 1997
April 2, 2007
Principal Amount: $35,000,000 Maturity Date:
April 2, 2007
Issue Price (as a percentage of the Regular Record Dates:
Principal Amount): 99.875% The 15th day of each month, whether
or not a Business Day, immediately
preceding the corresponding Interest
Payment Date
Interest Rate: 7.125% Interest Payment Dates:
The 2nd of each month, commencing
May 2, 1997 and ending on the
Maturity Date.
Commission or discount (as CUSIP: 449 22L 3H7
a percentage of Principal
Amount): 0.125%
Redemption Provisions:
The Notes are redeemable at the
option of the Company on the 2nd
of each month occuring on or after
April 2, 1999.
Form: [X] Book-Entry
[ ] Certified
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
Interest on the Notes will be calculated based on a year of 360 days
consisting of 12 months of 30 days each.
If any payment of principal or interest is due on a day that is not a
Business Day, that payment may be made on the next succeeding Business Day.
No additional interest will accrue as a result of the delay in payment.
For purposes of the offering made hereby, "Business Day" as used herein and
in the accompanying Prospectus Supplement means each 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 Prospestus Supplement and Prospectus.
REDEMPTION
The Notes are redeemable by the Company on the 2nd of each month
occuring on or after the April 2, 1999 Interest Payment Date, in whole
but not in part, on at least 30 days prior notice at a redemption
price of 100% of the principal amount thereof plus accrued interest
theron to the date of redemption.
PLAN OF DISTRIBUTION
The Notes will be sold to Goldman Sachs at the Issue Price
set forth above for resale to one or more investors at varying prices
related to prevailing market prices at the time of resale.
Dated: March 12, 1997
