Morgan Stanley Pitches Agricultural Play

Morgan Stanley is marketing investment notes linked to an agricultural index to U.S. investors.

  • 26 Jan 2007
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Morgan Stanley is marketing investment notes linked to an agricultural index to U.S. investors. The notes reference the agricultural sub-index of Goldman Sachs' Commodity Index, which has been referenced in structured notes globally and in substantial volumes over the last two years. Morgan Stanley officials declined comment on the notes prior to the end of the marketing period, but structured investment market watchers in the U.S. said they are not aware of the agricultural sub-index being sold to U.S. retail investors previously.

The notes have not priced but provisional marketing material says investors are expected to receive between 123% and 128% participation in the index over the one-year term of the notes. There is no capital protection. Agriculture-linked investments attracted some buzz in Europe last year (DW, 1/27/06) and have been touted as a logical next step for investors already comfortable investing in commodities.

  • 26 Jan 2007

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,941.13 111 8.93%
2 Barclays 31,588.47 86 7.85%
3 JPMorgan 27,799.55 107 6.91%
4 Bank of America Merrill Lynch 27,706.86 75 6.88%
5 HSBC 21,949.38 82 5.45%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

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  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%