By Andrea Heisinger
New York, March 27 - Morgan Stanley reopened an issue of three-year floating-rate notes backed by the Federal Deposit Insurance Corp. Friday to add $250 million, according to an FWP filing with the Securities and Exchange Commission.
The notes (Aaa/AAA/AAA) priced at 100.048 with a coupon of three-month Libor plus 20 basis points. They have interest paid quarterly and are non-callable.
Total issuance is $3.25 billion, including $3 billion issued March 13.
Morgan Stanley & Co. Inc. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Morgan Stanley
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $250 million reopened
|
| Maturity: | March 13, 2012
|
| Bookrunner: | Morgan Stanley & Co. Inc.
|
| Coupon: | Three-month Libor plus 20 bps
|
| Price: | 100.048
|
| Call: | Non-callable
|
| Trade date: | March 27
|
| Settlement date: | March 31
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Total issuance: | $3.25 billion, including $3 billion issued March 13
|
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