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Morgan Stanley's New Century Auction

Stock quotes in this article: NEWC , LEND , MS , FMT  

Morgan Stanley (MS Quote) plans on hawking more assets linked to now-bankrupt New Century (NEWC Quote).

The New York investment firm, which already has sought to sell some $2.48 billion in New Century-related debt, is now planning a public auction for the sale of assets formerly held by New Century Mortgage subsidiary NC Residual IV.

Also up for grabs is a portfolio of "non-real estate investment trust restricted securities." The size and exact makeup of the offering is unclear. A Morgan Stanley spokesman declined to comment, as did a spokeswoman at New Century. ...

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