Editorial Details

Editorial

26 Oct 2020 Morgan Stanley Inaugural Offering of Social Bonds

Morgan Stanley Inaugural Offering of Social Bonds - Morgan Stanley announced the issuance of a EUR1bn social bond to support affordable housing projects which aim to provide housing at affordable rates to low- or moderate-income individuals and/or families in the United States. Morgan Stanley's first green bond was issued in 2015. The bond was issued in the form of fixed-to-floating senior notes due 2025. (Davis Polk advised the Issuer).