Morgan Stanley Seeks to Sell Unwanted Loans to European Firms
- Bank looks to sell a dozen corporate loans at discount
- Loans from MS and other banks offered as lenders shed risk
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Morgan Stanley is selling a dozen of corporate loans mostly linked to European companies as it seeks to cut risk across its leveraged finance lending.
Morgan Stanley is sounding out interest from potential buyers for portions of revolving credit facilities and term loans provided to companies including Intrum AB and Kedrion SpA, according to people familiar with the matter and a note seen by Bloomberg.