02:00 PM EDT, 04/17/2024 (MT Newswires) -- (Updates headline and article with details throughout)

Morgan Stanley ( MS ) is looking to raise $8 billion via multiple bond offerings to raise funds for general corporate purposes, Bloomberg reported Wednesday, citing a source familiar with the matter.

The firm is offering a yield of 1.25 percentage points above Treasuries on the longest portion of the multi-part offering, a bond that matures in 11 years, according to the report.

Bloomberg earlier reported the firm had initiated a high-grade bond sale that could bring in more than $7 billion, citing an informal survey of debt underwriters.

Morgan Stanley ( MS ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)