FI activity continues with Morgan Stanley issuing A$500 million Kangaroo [UPDATED]

The second financial institution (FI) Kangaroo to launch in a week was announced on May 16, with Morgan Stanley (A/A2) placing a new A$500 million (US$530 million) four-year transaction one day later. The deal, which is Morgan Stanley's first Kangaroo since February 2007, follows the pricing of A$1.25 billion of November 2016 paper by Goldman Sachs on May 9.