By Andrea Heisinger
New York, Sept. 16 - Morgan Stanley priced $3 billion of 5.625% 10-year global medium-term notes Wednesday to yield Treasuries plus 225 basis points, a market source said.
The non-callable notes (A2/A/A) priced at 99.585 to yield 5.68%.
Morgan Stanley & Co. Inc. was the bookrunner.
The financial services company is based in New York City.
| Issuer: | Morgan Stanley
|
| Issue: | Global medium-term notes
|
| Amount: | $3 billion
|
| Maturity: | Sept. 23, 2019
|
| Bookrunner: | Morgan Stanley & Co. Inc.
|
| Coupon: | 5.625%
|
| Price: | 99.585
|
| Yield: | 5.68%
|
| Spread: | Treasuries plus 225 bps
|
| Call: | Non-callable
|
| Trade date: | Sept. 16
|
| Settlement date: | Sept. 23
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: A
|
| Fitch: A
|
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