By Cristal Cody
Eureka Springs, Ark., July 21 – Morgan Stanley sold $3 billion of 10-year global medium-term notes (A3/BBB+/A) at 99.32 with a spread of 163 basis points over Treasuries, according to a market source and an FWP filing with the Securities and Exchange Commission.
The series F notes tightened from initial price thoughts in the Treasuries plus 180 bps area.
Morgan Stanley & Co. LLC was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Morgan Stanley
|
| Amount: | $3 billion
|
| Description: | Global medium-term notes
|
| Maturity: | July 27, 2026
|
| Bookrunner: | Morgan Stanley & Co. LLC
|
| Coupon: | 3.125%
|
| Price: | 99.32
|
| Spread: | Treasuries plus 163 bps
|
| Make-whole call: | On or after Jan. 27, 2017 at Treasuries plus 25 bps
|
| Trade date: | July 20
|
| Settlement date: | July 25
|
| Ratings: | Moody’s: A3
|
| S&P: BBB+
|
| Fitch: A
|
| Distribution: | SEC registered
|
| Price guidance: | Treasuries plus 180 bps area
|
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