Morgan Stanley Sells $8 Billion High-Grade Bonds

Morgan Stanley priced an $8 billion investment-grade bond sale on Friday, the third such deal by a major Wall Street firm this week following the release of third-quarter results.

The four-part offering’s longest-tenored note, an 11-year bond, yields 0.9 percentage point above Treasuries, a quarter-point less than initial price talk, said a person familiar with the matter who also asked not to be identified as they’re not authorized to speak publicly. Proceeds will be used for general corporate purposes, the person added.