Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 21-10-2020 | Practice Area: | Debt Capital Markets |
| Deal Title: | Morgan Stanley Inaugural Offering of Social Bonds due 2025 | Industry: | Banks |
| Description: |
Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of USD1 billion aggregate principal amount of fixed-to-floating-rate senior notes due 2025. During the floating interest rate period, the notes bear interest by reference to the secured overnight financing rate, compounded daily over each quarterly interest payment period.
As set forth in the prospectus, Morgan Stanley expected that its consolidated subsidiaries would allocate funds in aggregate amounts equal to the net proceeds of this offering to its past, ongoing and/or future affordable housing projects. This was Morgan Stanley's inaugural offering of social bonds.
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| Financial Center: | New York | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Davis Polk |
| Issuer | United States | Issuer 2 | United States |
| Classification: |
Green Bonds and Loans Social Bonds |
Lawyer | Christopher S Schell |
