Morgan Stanley issues investor-driven exchangeable into Daimler

By Jon Hay
12 Mar 2018

Morgan Stanley issued a €400m bond on Monday, with warrants over Daimler shares, in a trade designed to give equity linked investors some much needed paper in a popular name.

The three year and nine month bond was launched at 2.40pm London time, with Morgan Stanley as the only bank on the transaction.

It had a zero coupon,

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