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The four-part offering has maturities ranging from four to 11 years.
Morgan Stanley is conducting a $10 billion bond sale, among the largest ever by a Wall Street bank.
KEY POINTS
- The longest bond in Morgan Stanley’s offering will yield 1.02 percentage points above Treasuries.
- This quarter's largest bank bond sale until now was Goldman Sachs' $6.5 billion deal.
- Bank debt spreads to Treasuries have returned to pre-Iran war levels despite past inflation concerns.
COMPANIES
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