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MSCI to price $250 million tap of 4% notes due 2029 on Monday; initial talk par area
By Paul A. Harris
Portland, Ore., Nov. 18 – MSCI Inc. plans to price a $250 million add-on to its 4% senior notes due Nov. 15, 2029 in a quick-to-market Monday trade, according to market sources.
Initial price talk is in the par area, a trader said.
J.P. Morgan Securities LLC is leading the sale.
The New York-based financial services company plans to use the proceeds, together with available cash, to partially redeem its $800 million of outstanding 5¼% senior notes due 2024.
The original notes, which came with five years of call protection, were priced in a $500 million issue on Nov. 5, 2019.
The add-on notes will become fungible with the original notes.
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