MSCI has set the interest rate it will pay on a $1.125 billion term loan it is seeking, Bloomberg reports. The developer of investment indexes and analytics is proposing to sell the debt at 100 cents on the dollar. The proceeds of the new deal that will mature in March 2017 will refinance a $1.2 billion term loan due 2016. Morgan Stanley, Bank of America and UBS have been appointed to arrange the new debt.

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