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

Fri May 9, 2008 4:19pm EDT
 
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  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       


 

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