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Published on 12/5/2008 in the Prospect News Investment Grade Daily.

New Issue: Morgan Stanley reopens FDIC-backed 2.9% two-year notes to add $250 million

By Andrea Heisinger

New York, Dec. 5 - Morgan Stanley reopened its 2.9% two-year notes backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee Program Friday to add $250 million, according to an FWP filing with the Securities and Exchange Commission.

The non-callable notes (Aaa/AAA/AAA) priced at 101.088.

Total issuance is now $2.5 billion, including $2.25 billion issued on Dec. 2.

Morgan Stanley & Co. Inc. was the bookrunner.

The bank holding company is based in New York City.

Issuer:Morgan Stanley
Guarantor:Federal Deposit Insurance Corp.
Issue:FDIC-backed notes
Amount:$250 million
Maturity:Dec. 1, 2010
Bookrunner:Morgan Stanley & Co. Inc.
Coupon:2.9%
Price:101.088
Call:Non-callable
Trade date:Dec. 5
Settlement date:Dec. 10
Ratings:Moody's: Aaa
Standard & Poor's: AAA
Fitch: AAA
Total issuance:$2.5 billion, including $2.25 billion issued Dec. 2

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