Morgan Stanley muscles into GECC bond issue

Morgan Stanley has secured a seat at the table on General Electric's new euro benchmark bond issue by crafting a short-dated transaction of its own for the US borrower.

General Electric Capital Corp (GECC) originally mandated BNP Paribas, Deutsche Bank and Dresdner Kleinwort Wasserstein (DrKW) to jointly manage a euro-denominated bond issue.

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