| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Morgan Stanley > News item |
Morgan Stanley offers fixed-to-floaters, floaters in three tranches
By Devika Patel
Knoxville, Tenn., Jan. 19 – Morgan Stanley intends to sell senior notes in three parts, according to a 424B2 filing with the Securities and Exchange Commission.
The company is selling floating-rate notes due 2025 and two tranches of fixed-to-floating rate notes due 2028 and 2033.
Interest on the floaters is based on SOFR.
Interest on the 2028 fixed-to-floaters will accrue at a fixed rate until January 2027 and at a rate based on SOFR after that.
Interest on the 2033 fixed-to-floaters will accrue at a fixed rate until January 2032 and at a rate based on SOFR after that.
The floaters have a par call. The 2028 notes have a make-whole call until January 2027 and a par call after that. The 2033 notes have a make-whole call until January 2032 and a par call after that.
Morgan Stanley & Co. LLC is the bookrunner.
Morgan Stanley is a New York-based financial products and services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.