Davis Polk Advises Morgan Stanley on Its CAD1 Billion Senior Notes Offering

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of CAD1 billion aggregate principal amount of floating-rate senior notes due 2023. The notes, which are denominated in Canadian dollars, were settled through CDS Clearing and Depository Services Inc. and offered in Canada to qualified purchasers on a private-placement basis. The notes are linked to Canadian Dollar Offered Rate (CDOR), the inter-bank bid rate for Canadian dollar bankers’ acceptances.

The Davis Polk corporate team included partner Christopher S. Schell and associate Jeremy Larkins. The tax team included partner Po Sit and associate Lucy Mo. Partner Gregory S. Rowland, counsel Sarah E. Kim and associate Sijia Cai provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.