By Andrea Heisinger
New York, Dec. 17 - Morgan Stanley priced $2 billion of notes due 2011 Wednesday backed by the Federal Deposit Insurance Corp. Temporary Liquidity Guarantee Program, a market source said.
The non-callable notes (Aaa/AAA/AAA) priced to yield Treasuries plus 107.9 basis points.
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: | $2 billion
|
| Maturity: | 2011
|
| Bookrunner: | Morgan Stanley & Co. Inc.
|
| Spread: | Treasuries plus 107.9 bps
|
| Call: | Non-callable
|
| Trade date: | Dec. 17
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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