Reported 3 months ago
Morgan Stanley is joining other Wall Street banks in issuing debt securities amid strong investor demand, allowing them to borrow at lower yields. The sale includes an 11-year security portion expected to yield around 1.4 percentage points above Treasuries. The proceeds will be used for general purposes, and Morgan Stanley is the sole underwriter. This move follows the bank's strong second-quarter performance, with their trading business showing significant growth and matching or surpassing expectations, showcasing the strength of the markets business in the industry.
Source: YAHOO