Morgan Stanley Becomes Primary Dealer in Spanish Government Bonds

Madrid —

Morgan Stanley (NYSE: MS) today announced it will become a Primary Dealer in Spanish Government Bonds as of 1 March. The appointment, confirmed by the Spanish Treasury, demonstrates the Firm’s leading position in European and global sovereign bond market-making and trading, and follows on from recent similar appointments as a primary dealer in Ireland and a government securities distributor in Canada.

“We are delighted to have been appointed as a primary dealer for Spanish Government Bonds. Spain is an important debt issuer in Europe, with growing international interest from investors eager to participate in this market”, said Angelie Moledina, Co-Head of EU Liquid Rates Trading. “This announcement clearly demonstrates Morgan Stanley's commitment to providing liquidity and funding to the European Sovereign Bond Market, cementing our role as a leader in primary and secondary markets."

Luis Isasi, Country Head of Spain, Morgan Stanley said, “Our ability to deliver a full platform of services across Investment Banking and Sales & Trading showcases the strength of Morgan Stanley’s franchise in Spain and across Europe. For 26 years, we have been committed to working alongside our clients, providing them with the tools and first class service they require to ensure long-term success.”

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.  The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries.  For further information about Morgan Stanley, please visit www.morganstanley.com.

Media Relations Contact: Tom Walton, +44.20.7425.5658