Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	12/4/2002 2:49:56 PM
From: Teri Garner	Read Replies (1) of 436258

Morgan Stanley sells $1.26 bln credit card bonds (Reuters 12/04 11:45:05) NEW YORK, Dec 4 (Reuters) - Morgan Stanley <MWD.N> sold $1.263 billion of asset-backed securities supported by credit card receivables on Wednesday, syndicate sources said. The receivables are from the Wall Street firm's Discover Card operations. The transaction was increased from $1.0526 billion. Morgan Stanley was the lead manager on the transaction, while Banc of America Securities, Barclays Capital, Commerzbank, Deutsche Bank Securities, and RBC Dain Rauscher were co-managers. The following are the terms and conditions of "Discover Card Master Trust 2002-5": ** Class A Issue Amount $1.200 billion Average Life 1.93 year Spread 1-month Libor + 5 bps Ratings Aaa (Moody's), AAA (S&P/Fitch) Class B Issue Amount $63.158 million Average Life 2.01 years Spread 1-month Libor + 35 bps Ratings A2 (Moody's), A (S&P) A+ (Fitch) ** ((--Dan Wilchins, U.S. Mortgage Unit, ++1 646 223 6320)) REUTERS S.RT MWD &64.R US.R MTG.R DBT.R USC.R

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