Morgan Stanley expands long-term debt issuance
Outstanding long-term debt jumps 12% year-on-year
Morgan Stanley increased its outstanding long-term debt in the year to March 31 as part of a strategy to simplify its balance sheet and prepare for incoming regulation.
Outstanding long-term debt increased 12%, from $172.7 billion to $193.7 billion. In an update to fixed income investors last November, the bank said increased issuances were intended to “enhance balance sheet durability and flexibility”.
The larger debt pile also places Morgan Stanley in a strong position to satisfy total loss
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