Morgan Stanley Raises $8 Billion From US Dollar Bond Sale

Morgan Stanley sold $8 billion of bonds as Wall Street banks flooded the debt markets after earnings.

The bank sold notes in maturities spanning four to fifteen years and raised more than the roughly $6.5 billion initially expected, according to a person with knowledge of the matter. The longest portion of the deal — a $1.5 billion note maturing in 2041 — tightened to 1.17 percentage points above US Treasuries, from about 1.4 percentage point more than the benchmark, the person added, asking not to be identified because they’re not authorized to speak publicly.