LOS ANGELES -- Morgan Stanley & Co. invited minority- and women-owned firms to participate in a selling group following its winning stand-alone bid yesterday for $144.79 million of California general obligation refunding bonds.

Andrew Rowley, managing director and manager of Morgan Stanley's syndication, said 51 targeted business enterprise firms were invited. Twenty had accepted and nine had turned down the opportunity as of 3 p.m. eastern daylight time yesterday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.