{"id":13072,"date":"2011-10-04T15:23:00","date_gmt":"2011-10-04T15:23:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/morgan-stanley-to-sell-japanese-bonds\/13072\/"},"modified":"2011-10-04T15:23:00","modified_gmt":"2011-10-04T15:23:00","slug":"morgan-stanley-to-sell-japanese-bonds","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/morgan-stanley-to-sell-japanese-bonds\/13072\/","title":{"rendered":"Morgan Stanley to Sell Japanese Bonds"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><br \/>\n<!--\/mfunc--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-thumbnail wp-image-4113\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2011\/01\/1-150x150.jpg\" alt=\"Morgan Stanley\" width=\"150\" height=\"150\">Morgan Stanley (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=MS\">NYSE:MS<\/a>), owner of the world\u2019s largest retail brokerage, is expected to raise close to $5 billion by selling Uridashi <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">bonds<\/a> to Japanese investors.<\/p>\n<p><span id=\"more-13072\"><\/span>Morgan Stanley can sell <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">bonds<\/a> anytime between Oct 12 this year and Oct 11, 2013, as per a shelf registration filed with the Japanese Finance Ministry on October 4th. Uridashi bonds are primarily sold to Japanese retail investors which are only the debt issued outside of Japan. This may happen anytime in the next two years.<\/p>\n<p>Morgan Stanley, sold Uridashi bonds in Japan twice in the last three months, raising a total of 46.5 billion yen in August and 51.5 billion yen in September on behalf of the 200 billion yen program announced in April. Natuso Nishio, a spokesman from Tokyo, denied commenting on the dates for any further sales.<\/p>\n<p><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>The New York based firm is relying on Japanese individuals for funds at the time when the company\u2019s stock prices are falling and the price for insuring its bonds is increasing over concerns that the European debt crisis will have an effect on the international banking system. Mitsubishi UFJ Financial Group Inc. was prompted by the volatility in the market which led to the biggest shareholder to issue a statement saying that the company is firmly committed to their agreement.<\/p>\n<p>In October 2008, $9 billion was invested by Mitsubishi UFJ on Morgan Stanley as the finance institution\u2019s share prices collapsed after Lehman Brothers Holdings Inc. was left bankrupt. The banks came to conclusion in April to convert $7.8 billion of Morgan Stanley\u2019s preferred shares into common stock and finished the process of conversion in June 2011, thereby making Mitsubishi as Morgan Stanley\u2019s largest common shareholder having currently a 22.4 percent stake.<\/p>\n<p>Morgan Stanley\u2019s shares have fallen by more than 54.1 percent this year. Morgan Stanley usually depends on debt markets for backing because it has low deposits. Less than 10 percent of the bank\u2019s funding was received from depositors until June 30. In comparison, JPMorgan &amp; Co. received more than half of its funds from retail deposits.<\/p>\n<p>Mitsubishi UFJ on Oct 3<sup>rd<\/sup> 2011 supported Morgan Stanley, as the cost to protect the firm\u2019s debt reached highest levels since the fall of Lehman Brothers Holdings Inc. Contracts on the U.S. based retail brokerage, increased by 92 basis points to a midprice of around 580 basis points in New York on Monday, the highest since October-08 according to CMA, the London based data provider.<\/p>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Morgan Stanley (NYSE:MS), owner of the world\u2019s largest retail brokerage, is expected to raise close to $5 billion by selling [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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