By Andrea Heisinger
New York, Feb. 6 - Morgan Stanley priced $3 billion floating-rate notes due 2012 on Friday that are backed by the Federal Deposit Insurance Corp., a market source said.
The non-callable notes (Aaa/AAA/AAA) priced at par to yield three-month Libor plus 28 basis points.
Morgan Stanley & Co. Inc. ran the books.
The bank holding company is based in New York City.
| Issuer: | Morgan Stanley
|
| Guarantor: | Federal Deposit Insurance Corp.
|
| Issue: | FDIC-backed floating-rate notes
|
| Amount: | $3 billion
|
| Maturity: | 2012
|
| Bookrunner: | Morgan Stanley & Co. Inc.
|
| Coupon: | Three-month Libor plus 28 bps
|
| Price: | Par
|
| Yield: | Three-month Libor plus 28 bps
|
| Call: | Non-callable
|
| Trade date: | Feb. 6
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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