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LONDON - Morgan Stanley (NYSE:MS) B.V. has notified the market of a partial cancellation of several bonds, with the settlement date scheduled for April 16, 2025. The cancellations involve a reduction in the outstanding amounts for ten different International Securities Identification Numbers (ISINs), as detailed in a recent statement.
The affected securities include a range of bonds with varying unwind amounts, which are the figures by which the outstanding amounts of the bonds will be reduced. For instance, one bond with the ISIN XS2893910880 will see a decrease of $25,000, leaving an outstanding amount of $1,022,000. Another, under ISIN XS2817694560, will be reduced by $75,000, resulting in an outstanding amount of $1,425,000.
The total unwind amounts across all ten bonds add up to $403,000. After the cancellations take effect, the aggregate outstanding amount for these securities will stand at $5,956,000. This move by Morgan Stanley B.V. is part of regular financial operations where issuers may retire a portion of a bond issue before its maturity date.
This information is based on a press release statement and is provided by RNS, the news service of the London Stock Exchange (LON:LSEG). RNS is authorized by the Financial Conduct Authority in the UK as a Primary Information Provider. The terms and conditions relating to the use and distribution of this information may apply.
Investors and market watchers often monitor such announcements closely as they can have implications for the issuer’s debt profile and market supply of the securities. It is not uncommon for companies to manage their debt in this manner, and it can be part of a broader strategy for financial structuring or responding to market conditions.
Morgan Stanley B.V.’s announcement does not elaborate on the reasons for the partial cancellations, nor does it provide guidance on the company’s future debt management plans. The details provided in the statement strictly relate to the transactional facts of the bond cancellations without any additional commentary or forward-looking statements.
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