Most Recent Finance Round for MS is a Little More Dark Rathe | LibreCharts

Most Recent Finance Round for MS is a Little More Dark

Rather than issuing convertible notes, MS is now borrowing via "junk bonds" (we'll get into that in a second).

Terms of the Borrow

1. $500M in total that they borrowed through these junk bonds

2. Bonds have a 7-year yield, pay 6.125% interest (annual); that amounts to about $758M (the total interest is usually not paid until maturity with these bonds)