By Andrea Heisinger
Omaha, April 23 - Morgan Stanley priced $1.5 billion 6% seven-year medium-term notes on Wednesday to yield Treasuries plus 275 basis points, market sources said.
Price talk was in the 275 bps area, a source said.
The non-callable notes (Aa3/AA-AA-) priced at 99.876.
Morgan Stanley & Co. Inc. was the agent.
The financial services company is based in New York City.
| Issuer: | Morgan Stanley
|
| Issue: | Medium-term notes
|
| Amount: | $1.5 billion
|
| Maturity: | April 28, 2015
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Coupon: | 6%
|
| Price: | 99.876
|
| Spread: | Treasuries plus 275 bps
|
| Call: | Non-callable
|
| Trade date: | April 23
|
| Settlement date: | April 28
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: AA-
|
| Fitch: AA-
|
| Price talk: | 275 bps area
|
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