Bonds
Morgan Stanley Selling Bonds Tied to More Than $4 Billion of Private Loans
- Deal is backed by subscription lines to private market funds
- Goldman also selling SRT, tied to $2 billion of private loans
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Morgan Stanley is sounding out investors for a bond offering that would help offload risk tied to a more than $4 billion portfolio of loans to private market funds.
The planned deal is a type of synthetic risk transfer, according to people familiar with the matter. Conversations are in the preliminary stages and details could still change, they added, asking not to be identified discussing private information.