Morgan Stanley follows Goldman with popular euro deal

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By Tyler Davies
27 Apr 2021

Morgan Stanley added to what one banker described as a "US bank supply wave" on Tuesday, as it followed Goldman Sachs into the euro market for senior debt.

Morgan Stanley opened books for a 6.5 year non-call 5.5 senior note through its own investment bank. MUFG joined the deal as a co-lead without books.

The bond was structured to pay a fixed rate of interest until the call option, after which it would switch to paying ...

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