Do More With Reuters

New Issue-Morgan Stanley sells $4 bln in 2 parts

Sat May 10, 2008 1:49am IST
 
Email | Print | | Single Page
[-] Text [+]
  May 9 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) on Friday sold
$4.0 billion in two-part global medium-term notes, said market
sources.
 The second tranche is a reopening of an existing 6.00
percent issue and the notes now outstanding total $3.5
billion.
  Morgan Stanley was the sole bookrunning manager for the
sale.
BORROWER: MORGAN STANLEY
FIRST TRANCHE:
AMT $2.0 BLN       COUPON 210 BPS/     MATURITY 5/14/2010 
                      3-MO LIBOR
TYPE GLOBAL MTN    ISS PRICE 100       FIRST PAY 8/14/2008
MOODY'S Aa3        YIELD N/A           SETTLEMENT 5/14/2008
S&P AA-MINUS       SPREAD N/A          PAY FREQ QUARTERLY 
FITCH AA-MINUS                         NON-CALLABLE       
SECOND TRANCHE:
AMT $2.0 BLN       COUPON 6.00 PCT     MATURITY 4/28/2015 
TYPE REOPENING     ISS PRICE 99.030    FIRST PAY 10/28/2008
MOODY'S Aa3        YIELD 6.173 PCT     SETTLEMENT 5/14/2008
S&P AA-MINUS       SPREAD 287.5 BPS    PAY FREQ SEMI-ANNUAL
FITCH AA-MINUS      MORE THAN TREAS    NON-CALLABLE       


 
Photo

Catch the latest as India acts to quash inflation and guard food supplies.  Full Coverage 

Photo

India and South Asia market Technical Analysis with Phil Smith

Symbol Bid Ask
BRENT CRUDE $0.00 $0.00
GOLD $0.00 $0.00
SILVER $0.00 $0.00