資金繰り

Bloomberg: Comcast, Morgan Stanley Lead $7 Billion in Bond Sales

今日は大手金融機関の社債発行による資金調達が目立った。

• Morgan Stanley...20億ドル、10年、6.625%

Morgan Stanley, the second-biggest U.S. securities firm by market value, sold $2 billion of 10-year notes in a reopening of a previous offering, according to a person familiar with the transaction. The 6.625 percent securities priced at a spread of 240 basis points, 72.5 basis points less than when the notes were first sold March 27.

• Lehman Brothers...20億ドル、30年、7.5%
  • この記事によれば劣後債の模様。

Lehman Brothers Holdings Inc., the fourth-biggest U.S. securities firm, offered $2 billion of 30-year 7.5 percent bonds at a spread of 305 basis points, compared with 170 basis points when it last sold comparable debt in July 2007. Those bonds paid a coupon of 6.875 percent.

ふ〜む。Lehmanが４月１日に資金調達した時のコメントは

We still maintain that we don't need capital, but we've realized that perception is the dominant issue in today's markets.

資本増強は不要とかいいながら30億ドルの株を売っといて(7.25%による資金調達)、今度は20億ドルの劣後債。こちらは7.5%金利。金利だけで毎年3675万ドル...

大丈夫かいな。