Morgan Stanley has raised $5.25 billion in a sale of senior unsecured notes in three parts, The Wall Street Journal reports. Morgan Stanley was the sole bookrunning manager for the deal, adds Reuters.
The $1.5 billion notes sold in the first tranche are due to mature on Jan. 24, 2014. The $1billion notes sold in the second tranche carry a coupon rate of 2.875% and are due to mature on Jan. 24, 2014. The notes sold in the third tranche carry a coupon rate of 5.750% and are due to mature on Jan. 25, 2021.
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