FINANCIAL_SERVICESREJECTED

Morgan Stanley loses out on Series 2026E bid

Morgan Stanley & Co, LLC participated in the competitive sale for Washington’s Series 2026E Bid Group 1 GO bonds but was not awarded the underwriting. Its pricing did not match the lowest true interest cost achieved by the winning firm.

Status
REJECTED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Morgan Stanley & Co Llc
Agency
Office of the Washington State Treasurer · WA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Bid of $432,157,343.60 purchase price on $385,435,000 principal (not awarded)
Contract type
FINANCIAL_SERVICES
Contract term
Proposed bonds maturing August 1, 2034–August 1, 2044
Renewal
Single unsuccessful bid; no resulting underwriting contract.
Document type
Resolution
Source document
State Finance Committee Resolution 1313 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Office of the Washington State Treasurer?

Morgan Stanley & Co Llc was awarded this financial services contract by Office of the Washington State Treasurer, as recorded on June 16, 2026. The contract value is Bid of $432,157,343.60 purchase price on $385,435,000 principal (not awarded).

How much is the Morgan Stanley & Co Llc contract with Office of the Washington State Treasurer worth?

The Morgan Stanley & Co Llc contract with Office of the Washington State Treasurer is valued at Bid of $432,157,343.60 purchase price on $385,435,000 principal (not awarded), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in State Finance Committee Resolution 1313 2026-06-16 (Resolution), dated June 16, 2026 from Office of the Washington State Treasurer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Morgan Stanley & Co Llc hold?

Morgan Stanley & Co Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Morgan Stanley & Co Llc's profile

What is Office of the Washington State Treasurer currently buying?

Explore Office of the Washington State Treasurer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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