E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 3/23/2011 in the Prospect News Investment Grade Daily.

New Issue: Morgan Stanley reopens floaters due 2014 to add $100 million

By Andrea Heisinger

New York, March 23 - Morgan Stanley reopened its issue of global floating-rate medium-term notes due 2014 to add $100 million, according to an FWP filing with the Securities and Exchange Commission.

The notes (A2/A/A) priced at 101.78 and have a coupon of three-month Libor plus 160 basis points.

Total issuance is $2.45 billion, including $1.5 billion issued on Jan. 25 and $850 million issued Feb. 4.

Morgan Stanley & Co., Inc. was the agent.

The financial services company is based in New York City.

Issuer:Morgan Stanley
Issue:Global floating-rate medium-term notes
Amount:$100 million reopened
Maturity:Jan. 24, 2014
Agent:Morgan Stanley & Co., Inc.
Coupon:Three-month Libor plus 160 bps
Price:101.78
Trade date:March 22
Settlement date:March 25
Ratings:Moody's: A2
Standard & Poor's: A
Fitch: A
Total issuance:$2.45 billion, including $1.5 billion issued Jan. 25 and $850 million issued Feb. 4

© 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.