-- Morgan Stanley (MS) plans to raise $10 billion in one of the largest bond sales by a Wall Street bank, following its Q1 results, Bloomberg reported Wednesday, citing a person familiar with the matter.
The bank's four-part offering has maturities ranging from 4 to 11 years, the report said. The longest tenured security is set to yield 1.02 percentage points above Treasuries, compared with initial discussions of about 1.25 percentage points, the person told the media outlet.
Proceeds will be used for general corporate purposes, according to the report.
Morgan Stanley did not immediately respond to a request for comment by.
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