Morgan Stanley surprises investors with euro trip

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Morgan Stanley surprises investors with euro trip

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MOSCOW, RUSSIA - AUGUST 14, 2018: The corporate logo at a branch of the Morgan Stanley Bank in central Moscow; Morgan Stanley has refused to purchase Stockmann's Nevsky Centre shopping mall in St Petersburg. Maxim Grigoryev/TASS | Maxim Grigoryev/Tass/PA Images

Morgan Stanley swung by the euro market this week to raise €1.75bn of new senior debt. The move was unexpected given that pricing for international issuers remains more favourable in dollars.

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