Morgan Stanley sells $4 bln notes in 2-part sale
NEW YORK, May 9 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research) on Friday sold $4 billion of notes in a two-part sale, said International Financing Review.
The sale included $2 billion of two-year floating-rate notes with a coupon rate of 210 basis points over the three-month London Interbank Offered Rate, said IFR, a publication of Thomson Reuters.
The sale also included $2 billion of seven-year notes in a reopening of a seven-year issue, yielding 287.5 basis points over U.S. Treasuries. (Reporting by Caryn Trokie; Editing by Dan Grebler)
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