[Annotated Form N-Q]

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

 

 

 

 

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-08460

 

MORGAN STANLEY GLOBAL OPPORTUNITY BOND FUND, INC.

(Exact name of registrant as specified in charter)

522 Fifth Avenue, New York, NY

10036

(Address of principal executive offices)

(Zip code)

RONALD E. ROBISON
522 Fifth Avenue, New York, NY 10036

(Name and address of agent for service)

 

 

 

Registrant’s telephone number, including area code:

1-800-231-2608

 

 

Date of fiscal year end:

12/31

 

 

Date of reporting period:

9/30/07

 

 



 

Item 1.  Schedule of Investments.

 

The Fund’s schedule of investment as of the close of the reporting period prepared pursuant to Rule 12-12 Regulation S-X is as follows:

 



 

Morgan Stanley Global Opportunity Bond Fund, Inc.

Portfolio of Investments

Third Quarter Report

September 30, 2007 (unaudited)

 

(Showing Percentages of Total Value of Investments)

 

 

 

 

 

Face

 

 

 

 

 

 

 

Amount

 

Value

 

 

 

 

 

(000)

 

(000)

 

Debt Instruments (95.2%)

 

 

 

 

 

 

 

Argentina (2.0%)

 

 

 

 

 

 

 

Sovereign (2.0%)

 

 

 

 

 

 

 

Republic of Argentina,

 

 

 

 

 

 

 

0.62%, 12/15/35

 

$

 

(a)(b)54

 

$

7

 

0.65%, 12/15/35

 

ARS

 

(a)2,878,338

 

89

 

5.83%, 12/31/33

 

 

 

(a)671

 

258

 

8.28%, 12/31/33

 

$

 

(b)289

 

260

 

Republic of Argentina (Linked Variable Rate),

 

 

 

 

 

 

 

87.96%, 4/10/49

 

 

 

(c)280

 

133

 

 

 

 

 

 

 

747

 

Bermuda (0.5%)

 

 

 

 

 

 

 

Corporate (0.5%)

 

 

 

 

 

 

 

Intelsat Bermuda Ltd.,

 

 

 

 

 

 

 

8.87%, 1/15/15

 

 

 

(a)70

 

71

 

Intelsat Subsidiary Holding Co., Ltd.,

 

 

 

 

 

 

 

8.63%, 1/15/15

 

 

 

125

 

128

 

 

 

 

 

 

 

199

 

Brazil (9.3%)

 

 

 

 

 

 

 

Corporate (1.2%)

 

 

 

 

 

 

 

Banco ABN Amro Real S.A.,

 

 

 

 

 

 

 

15.86%, 12/13/07

 

BRL

 

450

 

247

 

16.20%, 2/22/10

 

 

 

330

 

197

 

 

 

 

 

 

 

444

 

Sovereign (8.1%)

 

 

 

 

 

 

 

Federative Republic of Brazil,

 

 

 

 

 

 

 

8.00%, 1/15/18

 

$

 

421

 

471

 

8.88%, 10/14/19 - 4/15/24

 

 

 

566

 

708

 

10.50%, 7/14/14

 

 

 

130

 

165

 

11.00%, 8/17/40

 

 

 

340

 

455

 

14.50%, 10/15/09

 

 

 

450

 

535

 

Nota do Tesouro Nacional,

 

 

 

 

 

 

 

6.00%, 5/18/09

 

BRL

 

150

 

198

 

10.00%, 1/1/12

 

 

 

870

 

464

 

 

 

 

 

 

 

2,996

 

 

 

 

 

 

 

3,440

 

Bulgaria (0.8%)

 

 

 

 

 

 

 

Sovereign (0.8%)

 

 

 

 

 

 

 

Republic of Bulgaria,

 

 

 

 

 

 

 

8.25%, 1/15/15

 

$

 

(d)141

 

165

 

Republic of Bulgaria (Registered),

 

 

 

 

 

 

 

8.25%, 1/15/15

 

 

 

120

 

140

 

 

 

 

 

 

 

305

 

Canada (2.4%)

 

 

 

 

 

 

 

Corporate (2.4%)

 

 

 

 

 

 

 

CanWest Media, Inc.,

 

 

 

 

 

 

 

8.00%, 9/15/12

 

 

 

171

 

169

 

CHC Helicopter Corp.,

 

 

 

 

 

 

 

7.38%, 5/1/14

 

 

 

195

 

186

 

Husky Oil Co.,

 

 

 

 

 

 

 

8.90%, 8/15/28

 

 

 

(a)(e)155

 

160

 

Nortel Networks Corp. (Convertible),

 

 

 

 

 

 

 

4.25%, 9/1/08

 

 

 

100

 

99

 

Novelis, Inc.,

 

 

 

 

 

 

 

 



 

7.25%, 2/15/15

 

 

 

190

 

184

 

OPTI Canada, Inc.,

 

 

 

 

 

 

 

8.25%, 12/15/14

 

 

 

75

 

76

 

 

 

 

 

 

 

874

 

Chile (0.7%)

 

 

 

 

 

 

 

Corporate (0.7%)

 

 

 

 

 

 

 

Empresa Nacional de Petroleo,

 

 

 

 

 

 

 

6.75%, 11/15/12

 

 

 

(d)250

 

263

 

Colombia (1.3%)

 

 

 

 

 

 

 

Sovereign (1.3%)

 

 

 

 

 

 

 

Republic of Colombia,

 

 

 

 

 

 

 

7.38%, 9/18/37

 

 

 

260

 

287

 

8.25%, 12/22/14

 

 

 

88

 

99

 

11.75%, 2/25/20

 

 

 

70

 

103

 

 

 

 

 

 

 

489

 

Denmark (0.3%)

 

 

 

 

 

 

 

Corporate (0.3%)

 

 

 

 

 

 

 

Nordic Telephonen Co. Holdings A.p.S.,

 

 

 

 

 

 

 

8.88%, 5/1/16

 

 

 

35

 

37

 

TDC A/S,

 

 

 

 

 

 

 

6.50%, 4/19/12

 

EUR

 

40

 

57

 

 

 

 

 

 

 

94

 

Ecuador (0.5%)

 

 

 

 

 

 

 

Sovereign (0.5%)

 

 

 

 

 

 

 

Republic of Ecuador (Registered),

 

 

 

 

 

 

 

10.00%, 8/15/30

 

$

 

(f)190

 

171

 

Egypt (0.4%)

 

 

 

 

 

 

 

Sovereign (0.4%)

 

 

 

 

 

 

 

Arab Republic of Egypt,

 

 

 

 

 

 

 

8.75%, 7/18/12

 

EGP

 

820

 

150

 

France (0.4%)

 

 

 

 

 

 

 

Corporate (0.4%)

 

 

 

 

 

 

 

Compagnie Generale de Geophysique S.A.,

 

 

 

 

 

 

 

7.50%, 5/15/15

 

$

 

65

 

67

 

Crown European Holdings S.A.,

 

 

 

 

 

 

 

6.25%, 9/1/11

 

EUR

 

50

 

73

 

 

 

 

 

 

 

140

 

Indonesia (1.9%)

 

 

 

 

 

 

 

Corporate (1.9%)

 

 

 

 

 

 

 

Pindo Deli Finance Mauritius,

 

 

 

 

 

 

 

Tranche A, 6.00%, 4/28/15

 

$

 

(a)(d)77

 

66

 

Tranche B, 6.00%, 4/28/18

 

 

 

(a)(d)291

 

145

 

Tranche C, Zero Coupon, 4/28/27

 

 

 

(a)(d)587

 

67

 

Tijiwi Kimia Finance Mauritius Ltd.,

 

 

 

 

 

 

 

Tranche A, 6.00%, 4/28/15

 

 

 

(a)191

 

162

 

Tranche A, 6.00%, 4/28/15

 

 

 

(a)(d)80

 

68

 

Tranche B, 6.00%, 4/28/18

 

 

 

(a)(d)287

 

144

 

Tranche C, Zero Coupon, 4/28/27

 

 

 

(a)(d)268

 

31

 

 

 

 

 

 

 

683

 

Ivory Coast (0.2%)

 

 

 

 

 

 

 

Sovereign (0.2%)

 

 

 

 

 

 

 

Ivory Coast,

 

 

 

 

 

 

 

2.50%, 3/31/18

 

 

 

(c)180

 

62

 

Luxembourg (0.9%)

 

 

 

 

 

 

 

Corporate (0.9%)

 

 

 

 

 

 

 

FMC Finance III S.A.,

 

 

 

 

 

 

 

6.88%, 7/15/17

 

 

 

120

 

120

 

SGL Carbon Luxembourg S.A.,

 

 

 

 

 

 

 

8.50%, 2/1/12

 

EUR

 

50

 

75

 

Wind Acquisition Finance S.A.,

 

 

 

 

 

 

 

10.75%, 12/1/15

 

$

 

115

 

128

 

 

 

 

 

 

 

323

 

Malaysia (0.5%)

 

 

 

 

 

 

 

 



 

Sovereign (0.5%)

 

 

 

 

 

 

 

Government of Malaysia,

 

 

 

 

 

 

 

7.50%, 7/15/11

 

 

 

30

 

33

 

8.75%, 6/1/09

 

 

 

139

 

147

 

 

 

 

 

 

 

180

 

Mexico (9.9%)

 

 

 

 

 

 

 

Corporate (5.0%)

 

 

 

 

 

 

 

Axtel S.A.B. de C.V.,

 

 

 

 

 

 

 

11.00%, 12/15/13

 

 

 

118

 

128

 

Pemex Project Funding Master Trust,

 

 

 

 

 

 

 

6.99%, 6/15/10

 

 

 

(a)(d)330

 

337

 

8.63%, 12/1/23

 

 

 

250

 

310

 

9.13%, 10/13/10

 

 

 

360

 

399

 

9.50%, 9/15/27

 

 

 

480

 

653

 

 

 

 

 

 

 

1,827

 

Sovereign (4.9%)

 

 

 

 

 

 

 

Mexican Bonos,

 

 

 

 

 

 

 

8.00%, 12/17/15

 

MXN

 

4,210

 

387

 

9.50%, 12/18/14

 

 

 

9,040

 

902

 

United Mexican States,

 

 

 

 

 

 

 

6.75%, 9/27/34

 

$

 

(e)265

 

289

 

7.50%, 1/14/12

 

 

 

140

 

153

 

8.38%, 1/14/11

 

 

 

85

 

94

 

 

 

 

 

 

 

1,825

 

 

 

 

 

 

 

3,652

 

Netherlands (0.3%)

 

 

 

 

 

 

 

Corporate (0.3%)

 

 

 

 

 

 

 

Intergen N.V.,

 

 

 

 

 

 

 

9.00%, 6/30/17

 

 

 

105

 

111

 

Panama (1.4%)

 

 

 

 

 

 

 

Sovereign (1.4%)

 

 

 

 

 

 

 

Republic of Panama,

 

 

 

 

 

 

 

7.13%, 1/29/26

 

 

 

150

 

163

 

7.25%, 3/15/15

 

 

 

60

 

64

 

9.38%, 4/1/29

 

 

 

150

 

202

 

9.63%, 2/8/11

 

 

 

66

 

74

 

 

 

 

 

 

 

503

 

Peru (1.5%)

 

 

 

 

 

 

 

Sovereign (1.5%)

 

 

 

 

 

 

 

Republic of Peru,

 

 

 

 

 

 

 

8.38%, 5/3/16

 

 

 

90

 

106

 

8.75%, 11/21/33

 

 

 

240

 

316

 

9.88%, 2/6/15

 

 

 

100

 

126

 

 

 

 

 

 

 

548

 

Philippines (5.6%)

 

 

 

 

 

 

 

Sovereign (5.6%)

 

 

 

 

 

 

 

Republic of Philippines,

 

 

 

 

 

 

 

8.88%, 3/17/15

 

 

 

(e)780

 

907

 

9.00%, 2/15/13

 

 

 

(e)180

 

206

 

9.50%, 2/2/30

 

 

 

717

 

937

 

 

 

 

 

 

 

2,050

 

Qatar (0.4%)

 

 

 

 

 

 

 

Sovereign (0.4%)

 

 

 

 

 

 

 

State of Qatar (Registered),

 

 

 

 

 

 

 

9.75%, 6/15/30

 

 

 

110

 

163

 

Russia (7.0%)

 

 

 

 

 

 

 

Corporate (3.4%)

 

 

 

 

 

 

 

Gaz Capital for Gazprom,

 

 

 

 

 

 

 

6.21%, 11/22/16

 

 

 

(d)252

 

250

 

8.63%, 4/28/34

 

 

 

290

 

369

 

JPMorgan Chase & Co.,

 

 

 

 

 

 

 

7.00%, 6/28/17

 

RUB

 

6,000

 

226

 

RSHB Capital S.A. for OJSC Russian Agricultural Bank,

 

 

 

 

 

 

 

 



 

6.30%, 5/15/17

 

$

 

(d)100

 

94

 

7.18%, 5/16/13

 

 

 

(d)210

 

215

 

7.18%, 5/16/13

 

 

 

100

 

102

 

 

 

 

 

 

 

1,256

 

Sovereign (3.6%)

 

 

 

 

 

 

 

Russian Federation,

 

 

 

 

 

 

 

7.50%, 3/31/30

 

 

 

300

 

336

 

Russian Federation (Registered),

 

 

 

 

 

 

 

7.50%, 3/31/30

 

 

 

(c)(d)(f)469

 

525

 

11.00%, 7/24/18

 

 

 

256

 

361

 

12.75%, 6/24/28

 

 

 

65

 

116

 

 

 

 

 

 

 

1,338

 

 

 

 

 

 

 

2,594

 

Trinidad (0.4%)

 

 

 

 

 

 

 

Corporate (0.4%)

 

 

 

 

 

 

 

National Gas of Trinidad & Tobago Ltd.,

 

 

 

 

 

 

 

6.05%, 1/15/36

 

 

 

(d)172

 

164

 

Turkey (4.1%)

 

 

 

 

 

 

 

Sovereign (4.1%)

 

 

 

 

 

 

 

Republic of Turkey,

 

 

 

 

 

 

 

6.75%, 4/3/18

 

 

 

409

 

406

 

7.00%, 9/26/16

 

 

 

230

 

236

 

11.00%, 1/14/13

 

 

 

527

 

640

 

11.50%, 1/23/12

 

 

 

20

 

24

 

11.88%, 1/15/30

 

 

 

134

 

209

 

 

 

 

 

 

 

1,515

 

Ukraine (0.5%)

 

 

 

 

 

 

 

Sovereign (0.5%)

 

 

 

 

 

 

 

Republic of Ukraine,

 

 

 

 

 

 

 

6.58%, 11/21/16

 

 

 

190

 

192

 

United Kingdom (0.1%)

 

 

 

 

 

 

 

Corporate (0.1%)

 

 

 

 

 

 

 

Esprit Telecom Group plc,

 

 

 

 

 

 

 

11.00%, 6/15/08

 

EUR

 

(b)(c)(g)233

 

@—

 

NTL Cable plc,

 

 

 

 

 

 

 

8.75%, 4/15/14

 

$

 

20

 

21

 

 

 

 

 

 

 

21

 

United States (37.5%)

 

 

 

 

 

 

 

Corporate (37.5%)

 

 

 

 

 

 

 

AES Corp. (The),

 

 

 

 

 

 

 

7.75%, 3/1/14

 

 

 

40

 

41

 

8.88%, 2/15/11

 

 

 

9

 

9

 

9.00%, 5/15/15

 

 

 

100

 

106

 

9.38%, 9/15/10

 

 

 

16

 

17

 

Allied Waste North America,

 

 

 

 

 

 

 

5.75%, 2/15/11

 

 

 

60

 

59

 

6.38%, 4/15/11

 

 

 

250

 

252

 

American Tower Corp.,

 

 

 

 

 

 

 

7.13%, 10/15/12

 

 

 

130

 

134

 

7.50%, 5/1/12

 

 

 

75

 

77

 

Aramark Corp.,

 

 

 

 

 

 

 

8.50%, 2/1/15

 

 

 

30

 

31

 

8.86%, 2/1/15

 

 

 

(a)5

 

5

 

Aramark Services, Inc.,

 

 

 

 

 

 

 

5.00%, 6/1/12

 

 

 

50

 

44

 

ArvinMeritor, Inc.,

 

 

 

 

 

 

 

8.75%, 3/1/12

 

 

 

(e)125

 

128

 

Asbury Automotive Group, Inc.,

 

 

 

 

 

 

 

7.63%, 3/15/17

 

 

 

45

 

42

 

Baldor Electric Co.,

 

 

 

 

 

 

 

8.625%, 2/15/17

 

 

 

40

 

42

 

Berry Plastics Holding Corp.,

 

 

 

 

 

 

 

8.88%, 9/15/14

 

 

 

(e)170

 

175

 

 



 

10.25%, 3/1/16

 

 

 

80

 

79

 

Brown Shoe Company, Inc.,

 

 

 

 

 

 

 

8.75%, 5/1/12

 

 

 

100

 

104

 

CA FM Lease Trust,

 

 

 

 

 

 

 

8.50%, 7/15/17

 

 

 

80

 

87

 

Cablevision Systems Corp.,

 

 

 

 

 

 

 

9.82%, 4/1/09

 

 

 

(a)155

 

160

 

Caesar’s Entertainment, Inc.,

 

 

 

 

 

 

 

8.88%, 9/15/08

 

 

 

110

 

113

 

Capmark Financial Group, Inc.,

 

 

 

 

 

 

 

5.88%, 5/10/12

 

 

 

25

 

23

 

6.30%, 5/10/17

 

 

 

10

 

9

 

Chaparral Energy, Inc.,

 

 

 

 

 

 

 

8.50%, 12/1/15

 

 

 

140

 

132

 

8.88%, 2/1/17

 

 

 

20

 

19

 

Charter Communications Holdings I, LLC,

 

 

 

 

 

 

 

11.00%, 10/1/15

 

 

 

60

 

61

 

Charter Communications Holdings II, LLC,

 

 

 

 

 

 

 

10.25%, 9/15/10

 

 

 

40

 

41

 

Chesapeake Energy Corp.,

 

 

 

 

 

 

 

7.50%, 9/15/13

 

 

 

145

 

150

 

7.63%, 7/15/13

 

 

 

25

 

26

 

Cimarex Energy Co.,

 

 

 

 

 

 

 

7.13%, 5/1/17

 

 

 

30

 

30

 

Citizens Communications Co.,

 

 

 

 

 

 

 

6.25%, 1/15/13

 

 

 

45

 

44

 

Colorado Interstate Gas Co.,

 

 

 

 

 

 

 

6.80%, 11/15/15

 

 

 

235

 

244

 

Community Health Systems, Inc.,

 

 

 

 

 

 

 

8.88%, 7/15/15

 

 

 

85

 

88

 

Constellations Brands, Inc.,

 

 

 

 

 

 

 

7.25%, 5/15/17

 

 

 

70

 

70

 

Countrywide Alternative Loan Trust,

 

 

 

 

 

 

 

5.65%, 10/25/46

 

 

 

(a)50

 

34

 

5.83%, 2/25/36

 

 

 

(a)25

 

22

 

5.95%, 1/25/36

 

 

 

(a)85

 

63

 

Crown Americas, LLC/Crown Americas Capital Corp.,

 

 

 

 

 

 

 

7.63%, 11/15/13

 

 

 

105

 

108

 

DAE Aviation Holdings, Inc,

 

 

 

 

 

 

 

11.25%, 8/1/15

 

 

 

45

 

47

 

DaVita, Inc.,

 

 

 

 

 

 

 

6.63%, 3/15/13

 

 

 

(e)220

 

219

 

Delhaize America, Inc.,

 

 

 

 

 

 

 

9.00%, 4/15/31

 

 

 

56

 

67

 

Dex Media East, LLC/Dex Media East Finance Co.,

 

 

 

 

 

 

 

12.13%, 11/15/12

 

 

 

48

 

51

 

Dex Media West, LLC/Dex Media West Finance Co.,

 

 

 

 

 

 

 

9.88%, 8/15/13

 

 

 

69

 

74

 

Dynegy Holdings, Inc.,

 

 

 

 

 

 

 

7.75%, 6/1/19

 

 

 

95

 

91

 

Echostar DBS Corp.,

 

 

 

 

 

 

 

6.38%, 10/1/11

 

 

 

120

 

121

 

6.63%, 10/1/14

 

 

 

50

 

50

 

Equistar Chemicals, LP,

 

 

 

 

 

 

 

10.13%, 9/1/08

 

 

 

(e)110

 

114

 

10.63%, 5/1/11

 

 

 

31

 

33

 

Exodus Communications, Inc.,

 

 

 

 

 

 

 

11.63%, 7/15/10

 

 

 

(b)(c)(g)159

 

@—

 

Fisher Scientific International, Inc.,

 

 

 

 

 

 

 

6.13%, 7/1/15

 

 

 

180

 

177

 

Ford Motor Credit Co.,

 

 

 

 

 

 

 

5.80%, 1/12/09

 

 

 

115

 

111

 

7.00%, 10/1/13

 

 

 

160

 

145

 

 



 

7.25%, 10/25/11

 

 

 

(e)120

 

113

 

Foundation PA Coal Co.,

 

 

 

 

 

 

 

7.25%, 8/1/14

 

 

 

35

 

34

 

Freeport-McMoran Copper & Gold, Inc.,

 

 

 

 

 

 

 

8.38%, 4/1/17

 

 

 

115

 

126

 

Freescale Semiconductor, Inc.,

 

 

 

 

 

 

 

8.875%, 12/15/14

 

 

 

130

 

126

 

Fresenius Medical Care Capital Trust II,

 

 

 

 

 

 

 

7.88%, 2/1/08

 

 

 

235

 

236

 

Fresenius Medical Capital Trust IV,

 

 

 

 

 

 

 

7.88%, 6/15/11

 

 

 

35

 

36

 

General Motors Acceptance Corp., LLC,

 

 

 

 

 

 

 

4.38%, 12/10/07

 

 

 

115

 

114

 

6.88%, 9/15/11

 

 

 

(e)255

 

243

 

General Motors Corp.,

 

 

 

 

 

 

 

7.13%, 7/15/13

 

 

 

90

 

83

 

8.38%, 7/15/33

 

 

 

60

 

53

 

Georgia-Pacific Corp.,

 

 

 

 

 

 

 

7.13%, 1/15/17

 

 

 

105

 

102

 

Glatfelter,

 

 

 

 

 

 

 

7.13%, 5/1/16

 

 

 

30

 

30

 

Goodman Global Holding Co., Inc.,

 

 

 

 

 

 

 

8.36%, 6/15/12

 

 

 

(a)22

 

22

 

Graham Packaging Co., Inc.,

 

 

 

 

 

 

 

8.50%, 10/15/12

 

 

 

30

 

30

 

9.88%, 10/15/14

 

 

 

(e)135

 

134

 

Graphic Packaging International Corp.,

 

 

 

 

 

 

 

9.50%, 8/15/13

 

 

 

(e)135

 

139

 

Harborview Mortgage Loan Trust,

 

 

 

 

 

 

 

5.70%, 8/21/36

 

 

 

(a)50

 

34

 

6.20%, 1/19/36

 

 

 

(a)74

 

65

 

HCA, Inc.,

 

 

 

 

 

 

 

5.75%, 3/15/14

 

 

 

55

 

46

 

6.25%, 2/15/13

 

 

 

40

 

36

 

6.50%, 2/15/16

 

 

 

50

 

43

 

7.58%, 9/15/25

 

 

 

65

 

53

 

7.69%, 6/15/25

 

 

 

25

 

21

 

8.75%, 9/1/10

 

 

 

90

 

91

 

9.13%, 11/15/14

 

 

 

35

 

37

 

Hexcel Corp.,

 

 

 

 

 

 

 

6.75%, 2/1/15

 

 

 

125

 

124

 

Hilcorp Energy I, LP/Hilcorp Finance Co.,

 

 

 

 

 

 

 

7.75%, 11/1/15

 

 

 

195

 

192

 

Host Marriott, LP,

 

 

 

 

 

 

 

6.38%, 3/15/15

 

 

 

50

 

49

 

7.13%, 11/1/13

 

 

 

90

 

91

 

Idearc, Inc.,

 

 

 

 

 

 

 

8.00%, 11/15/16

 

 

 

130

 

130

 

Innophos Holdings, Inc.,

 

 

 

 

 

 

 

9.50%, 4/15/12

 

 

 

50

 

51

 

Innophos, Inc.,

 

 

 

 

 

 

 

8.88%, 8/15/14

 

 

 

80

 

80

 

Interface, Inc.,

 

 

 

 

 

 

 

9.50%, 2/1/14

 

 

 

90

 

95

 

10.38%, 2/1/10

 

 

 

30

 

32

 

Interpublic Group of Cos., Inc.,

 

 

 

 

 

 

 

6.25%, 11/15/14

 

 

 

60

 

54

 

Ipalco Enterprises, Inc.,

 

 

 

 

 

 

 

8.38%, 11/14/08

 

 

 

75

 

77

 

8.63%, 11/14/11

 

 

 

30

 

32

 

Iron Mountain, Inc.,

 

 

 

 

 

 

 

7.75%, 1/15/15

 

 

 

40

 

40

 

8.63%, 4/1/13

 

 

 

(e)130

 

132

 

 



 

Isle of Capri Casinos, Inc.,

 

 

 

 

 

 

 

7.00%, 3/1/14

 

 

 

195

 

176

 

Invacare Corp.,

 

 

 

 

 

 

 

9.75%, 2/15/15

 

 

 

20

 

20

 

Jarden Corp.,

 

 

 

 

 

 

 

7.50%, 5/1/17

 

 

 

115

 

112

 

Johnsondiversey, Inc.,

 

 

 

 

 

 

 

9.63%, 5/15/12

 

 

 

(e)125

 

128

 

9.63%, 5/15/12

 

EUR

 

25

 

36

 

Kinder Morgan, Inc.,

 

 

 

 

 

 

 

6.50%, 9/1/12

 

$

 

135

 

134

 

Koppers Holdings, Inc.,

 

 

 

 

 

 

 

Zero Coupon, 11/15/14

 

 

 

(f)60

 

52

 

Koppers, Inc.,

 

 

 

 

 

 

 

9.88%, 10/15/13

 

 

 

45

 

48

 

Las Vegas Sands Corp.,

 

 

 

 

 

 

 

6.38%, 2/15/15

 

 

 

105

 

102

 

LIN Television Corp.,

 

 

 

 

 

 

 

6.50%, 5/15/13

 

 

 

50

 

49

 

6.50%, 5/15/13

 

 

 

40

 

39

 

Luminent Mortgage Trust,

 

 

 

 

 

 

 

5.49%, 7/25/36

 

 

 

(a)75

 

59

 

Massey Energy Co.,

 

 

 

 

 

 

 

6.88%, 12/15/13

 

 

 

175

 

164

 

Mastr Adjustable Rate Mortgages Trust,

 

 

 

 

 

 

 

5.53%, 1/25/47

 

 

 

(a)25

 

20

 

MGM Mirage,

 

 

 

 

 

 

 

5.88%, 2/27/14

 

 

 

115

 

107

 

6.00%, 10/1/09

 

 

 

200

 

199

 

Michael Foods, Inc.,

 

 

 

 

 

 

 

8.00%, 11/15/13

 

 

 

75

 

75

 

Nalco Co.,

 

 

 

 

 

 

 

7.75%, 11/15/11

 

 

 

70

 

72

 

8.88%, 11/15/13

 

 

 

100

 

106

 

National Mentor Holdings, Inc.,

 

 

 

 

 

 

 

11.25%, 7/1/14

 

 

 

75

 

80

 

Nortek, Inc.,

 

 

 

 

 

 

 

8.50%, 9/1/14

 

 

 

130

 

113

 

NRG Energy, Inc.,

 

 

 

 

 

 

 

7.38%, 1/15/17

 

 

 

90

 

90

 

Omnicare, Inc.,

 

 

 

 

 

 

 

6.75%, 12/15/13

 

 

 

95

 

89

 

6.88%, 12/15/15

 

 

 

80

 

74

 

Ormat Funding Corp.,

 

 

 

 

 

 

 

8.25%, 12/30/20

 

 

 

138

 

141

 

Owens-Illinois, Inc.,

 

 

 

 

 

 

 

7.35%, 5/15/08

 

 

 

20

 

20

 

7.50%, 5/15/10

 

 

 

(e)285

 

289

 

Oxford Industries, Inc.,

 

 

 

 

 

 

 

8.88%, 6/1/11

 

 

 

(e)70

 

71

 

Pacific Energy Partners, LP/Pacific Energy Finance Corp.,

 

 

 

 

 

 

 

7.13%, 6/15/14

 

 

 

90

 

92

 

PanAmSat Corp.,

 

 

 

 

 

 

 

9.00%, 8/15/14

 

 

 

17

 

18

 

Petro Stopping Centers, LP/Petro Financial Corp.,

 

 

 

 

 

 

 

9.00%, 2/15/12

 

 

 

135

 

142

 

Phillips - Van Heusen,

 

 

 

 

 

 

 

7.25%, 2/15/11

 

 

 

(e)130

 

132

 

Pilgrim’s Pride Corp.,

 

 

 

 

 

 

 

7.63%, 5/1/15

 

 

 

105

 

107

 

9.63%, 9/15/11

 

 

 

262

 

270

 

Pogo Producing Co.,

 

 

 

 

 

 

 

6.88%, 10/1/17

 

 

 

130

 

131

 

 



 

Propex Fabrics, Inc.,

 

 

 

 

 

 

 

10.00%, 12/1/12

 

 

 

(e)90

 

69

 

PSEG Energy Holdings, LLC,

 

 

 

 

 

 

 

8.63%, 2/15/08

 

 

 

98

 

99

 

Qwest Communications International, Inc.,

 

 

 

 

 

 

 

8.87%, 2/15/09

 

 

 

(a)(e)103

 

105

 

Qwest Corp.,

 

 

 

 

 

 

 

5.63%, 11/15/08

 

 

 

25

 

25

 

RBS Global, Inc./Rexnord Corp.,

 

 

 

 

 

 

 

9.50%, 8/1/14

 

 

 

140

 

146

 

Realogy Corp.,

 

 

 

 

 

 

 

10.50%, 4/15/14

 

 

 

45

 

38

 

Reliant Resources, Inc.,

 

 

 

 

 

 

 

7.88%, 6/15/17

 

 

 

90

 

91

 

Reynolds American, Inc.,

 

 

 

 

 

 

 

6.50%, 7/15/10

 

 

 

85

 

88

 

Rhythms NetConnections, Inc.,

 

 

 

 

 

 

 

13.88%, 5/15/08

 

 

 

(b)(c)(g)570

 

@—

 

14.00%, 2/15/10

 

 

 

(b)(c)(g)179

 

@—

 

Rite Aid Corp.,

 

 

 

 

 

 

 

8.13%, 5/1/10

 

 

 

100

 

101

 

Rockwood Specialties Group, Inc.,

 

 

 

 

 

 

 

7.63%, 11/15/14

 

EUR

 

50

 

71

 

Sandridge Energy,

 

 

 

 

 

 

 

8.63%, 4/1/15

 

$

 

85

 

84

 

Sierra Pac Power Co.,

 

 

 

 

 

 

 

6.25%, 4/15/12

 

 

 

70

 

72

 

Smithfield Foods, Inc.,

 

 

 

 

 

 

 

7.00%, 8/1/11

 

 

 

70

 

71

 

7.63%, 2/15/08

 

 

 

(e)50

 

50

 

8.00%, 10/15/09

 

 

 

50

 

52

 

Sonic Automotive, Inc.,

 

 

 

 

 

 

 

8.63%, 8/15/13

 

 

 

(e)230

 

228

 

Station Casinos, Inc.,

 

 

 

 

 

 

 

6.00%, 4/1/12

 

 

 

180

 

172

 

7.75%, 8/15/16

 

 

 

40

 

40

 

Sungard Data Systems, Inc.,

 

 

 

 

 

 

 

9.13%, 8/15/13

 

 

 

95

 

99

 

Sun Healthcare Group, Inc.,

 

 

 

 

 

 

 

9.13%, 4/15/15

 

 

 

65

 

67

 

SUPERVALU, Inc.,

 

 

 

 

 

 

 

7.50%, 5/15/12 - 11/15/14

 

 

 

65

 

119

 

Tenet Healthcare Corp.,

 

 

 

 

 

 

 

7.38%, 2/1/13

 

 

 

45

 

38

 

9.88%, 7/1/14

 

 

 

45

 

41

 

Terra Capital, Inc.,

 

 

 

 

 

 

 

7.00%, 2/1/17

 

 

 

90

 

88

 

TXU Energy Co., LLC,

 

 

 

 

 

 

 

7.00%, 3/15/13

 

 

 

45

 

49

 

UCAR Finance, Inc.,

 

 

 

 

 

 

 

10.25%, 2/15/12

 

 

 

40

 

42

 

United Auto Group, Inc.,

 

 

 

 

 

 

 

7.75%, 12/15/16

 

 

 

85

 

82

 

Univision Communications, Inc. PIK,

 

 

 

 

 

 

 

9.75%, 3/15/15

 

 

 

60

 

59

 

Valassis Communications, Inc.,

 

 

 

 

 

 

 

8.25%, 3/1/15

 

 

 

115

 

101

 

Vangent, Inc.,

 

 

 

 

 

 

 

9.63%, 2/15/15

 

 

 

65

 

61

 

Warner Chilcott Corp.,

 

 

 

 

 

 

 

8.75%, 2/1/15

 

 

 

77

 

80

 

Westlake Chemical Corp.,

 

 

 

 

 

 

 

6.63%, 1/15/16

 

 

 

90

 

86

 

 



 

Williams Cos., Inc.,

 

 

 

 

 

 

 

7.88%, 9/1/21

 

 

 

180

 

197

 

Windstream Corp.,

 

 

 

 

 

 

 

8.13%, 8/1/13

 

 

 

40

 

42

 

 

 

 

 

 

 

13,805

 

Venezuela (4.4%)

 

 

 

 

 

 

 

Sovereign (4.4%)

 

 

 

 

 

 

 

Republic of Venezuela,

 

 

 

 

 

 

 

8.50%, 10/8/14

 

 

 

120

 

121

 

9.25%, 9/15/27

 

 

 

751

 

779

 

10.75%, 9/19/13

 

 

 

640

 

709

 

 

 

 

 

 

 

1,609

 

Total Debt Instruments (Cost $34,813)

 

 

 

 

 

35,047

 

 

 

 

 

Shares

 

 

 

Common Stocks (0.0%)

 

 

 

 

 

 

 

United Kingdom (0.0%)

 

 

 

 

 

 

 

Viatel Holding Bermuda Ltd.

 

 

 

(h)290

 

@—

 

United States (0.0%)

 

 

 

 

 

 

 

Neon Communications Group, Inc.

 

 

 

(h)140

 

1

 

PNM Resources, Inc.

 

 

 

23

 

@—

 

XO Holdings, Inc.

 

 

 

(h)287

 

1

 

 

 

 

 

 

 

2

 

Total Common Stocks (Cost $381)

 

 

 

 

 

2

 

 

 

 

 

No. of

 

 

 

 

 

 

 

Warrants

 

 

 

Warrants (0.5%)

 

 

 

 

 

 

 

Mexico (0.0%)

 

 

 

 

 

 

 

United Mexican States, expiring 10/11/07

 

 

 

(h)296

 

@—

 

United Mexican States, expiring 11/07/07

 

 

 

(h)296

 

1

 

 

 

 

 

 

 

1

 

Nigeria (0.4%)

 

 

 

 

 

 

 

Central Bank of Nigeria, expiring 11/15/20

 

 

 

(b)(h)500

 

128

 

United States (0.0%)

 

 

 

 

 

 

 

SW Acquisition, LP, expiring 4/1/11

 

 

 

(b)(g)(h)1

 

@—

 

XO Holdings, Inc., Series A, expiring 1/16/10

 

 

 

(h)576

 

@—

 

XO Holdings, Inc., Series B, expiring 1/16/10

 

 

 

(h)432

 

@—

 

XO Holdings, Inc., Series C, expiring 1/16/10

 

 

 

(h)433

 

@—

 

 

 

 

 

 

 

@—

 

Venezuela (0.1%)

 

 

 

 

 

 

 

Republic of Venezuela, Oil-Linked Payment Obligation,

 

 

 

 

 

 

 

expiring 4/15/20

 

 

 

(a)(b)950

 

36

 

Total Warrants (Cost $18)

 

 

 

 

 

165

 

 

 

 

 

Shares

 

 

 

Short-Term Investments (4.3%)

 

 

 

 

 

 

 

United States (4.3%)

 

 

 

 

 

 

 

Investment Company (4.2%)

 

 

 

 

 

 

 

Morgan Stanley Institutional Liquidity

 

 

 

 

 

 

 

Money Market Portfolio

 

 

 

 

 

 

 

— Institutional Class

 

 

 

(i)1,540,584

 

1,541

 

 

 

 

 

Face

 

 

 

 

 

 

 

Amount

 

 

 

 

 

 

 

(000)

 

 

 

U.S. Treasury Security (0.1%)

 

 

 

 

 

 

 

U.S. Treasury Bill,

 

 

 

 

 

 

 

3.82%, 1/10/08

 

$

 

(j)(k)50

 

49

 

Total Short-Term Investments (Cost $1,590)

 

 

 

 

 

1,590

 

Total Investments + (Cost $36,802) (100%)

 

 

 

 

 

36,804

 

Liabilities in Excess of Other Assets

 

 

 

 

 

(2,643

)

Net Assets

 

 

 

 

 

$

34,161

 

 

(a)

 

Variable/Floating Rate Security — Interest rate changes on these instruments are based on changes in a designated base rate. The rates shown are those in effect on September 30, 2007.

 



 

(b)

 

Security was valued at fair value — At September 30, 2007, the Fund held fair valued securities valued at $431,000, representing 1.3% of net assets.

(c)

 

Issuer is in default.

(d)

 

144A Security — Certain conditions for public sale may exist. Unless otherwise noted, these securities are deemed to be liquid.

(e)

 

Denotes all or a portion of securities subject to repurchase under the Reverse Repurchase Agreements as of September 30, 2007.

(f)

 

Step Bond — Coupon rate increases in increments to maturity. Rate disclosed is as of September 30, 2007. Maturity date disclosed is the ultimate maturity date.

(g)
(h)

 

Security has been deemed illiquid at September 30, 2007.
Non-income producing security.

(i)

 

The Fund invests in the Institutional Class of the Morgan Stanley Institutional Liquidity Money Market Portfolio (the “Liquidity Fund”), an open-end management investment company managed by the Adviser. Investment Advisory fees paid by the Portfolio are reduced by an amount equal to its pro-rata share of the advisory and administration fees paid by the Liquidity Fund. For the nine months ended September 30, 2007, advisory fees paid were reduced by $700 relating to the Fund’s investment in the Liquidity Fund. For the same period, income distributions earned by the Fund are recorded as interest from affiliates and totaled $34,745. During the nine months ended September 30, 2007, cost of purchases and sales in the Liquidity Fund were $7,475,000 and $5,935,000, respectively.

(j)
(k)

 

All or a portion of the security was pledged to cover margin requirements for futures contracts.
Rate shown is the Yield to Maturity at September 30, 2007.

@

 

Amount is less than $500.

ARS

 

Argentinian Peso

BRL

 

Brazilian Real

EGP

 

Egyptian Pound

EUR

 

Euro

MXN

 

Mexican Peso

PIK

 

Payment-in-Kind

RUB

 

Russian Ruble

+

 

At September 30, 2007, the U.S. Federal income tax cost basis of investments was approximately $120,753,000 and, accordingly, net unrealized appreciation for U.S. Federal income tax purposes was $66,837,000 of which $71,704,000 related to appreciated securities and $4,867,000 related to depreciated securities.

 



 

Foreign Currency Exchange Contract Information:

The Fund had the following foreign currency exchange contract(s) open at period end:

 

 

 

 

 

 

 

 

 

 

 

Net

 

Currency

 

 

 

 

 

In

 

 

 

Unrealized

 

to

 

 

 

 

 

Exchange

 

 

 

Appreciation

 

Deliver

 

Value

 

Settlement

 

For

 

Value

 

(Depreciation)

 

(000)

 

(000)

 

Date

 

(000)

 

(000)

 

(000 )

 

EUR

267

 

$

381 

 

10/31/07

 

USD

 

365

 

$

365 

 

$

(16

)

USD

68

 

68 

 

10/31/07

 

EUR

 

50

 

71 

 

3

 

 

 

 

$

449 

 

 

 

 

 

 

 

$

436

 

$

(13

)

 

USD —United States Dollar

 



 

Futures Contracts:

The Fund had the following futures contract(s) open at period end:

 

 

 

 

 

 

 

 

 

Net Unrealized

 

 

 

Number

 

 

 

 

 

Appreciation

 

 

 

of

 

Value

 

Expiration

 

(Depreciation)

 

 

 

Contracts

 

(000)

 

Date

 

(000)

 

Long:

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

 

 

 

 

 

 

 

2yr. Note

 

4

 

     $

828

 

Dec-07

 

$

4

 

U.S. Treasury

 

 

 

 

 

 

 

 

 

5yr. Note

 

5

 

535

 

Dec-07

 

4

 

U.S. Treasury

 

 

 

 

 

 

 

 

 

10yr. Note

 

10

 

1,093

 

Dec-07

 

6

 

Short:

 

 

 

 

 

 

 

 

 

U.S. Treasury

 

 

 

 

 

 

 

 

 

Long Bond

 

12

 

1,336

 

Dec-07

 

1

 

 

 

 

 

 

 

 

 

$

15

 

 

 



 

Credit Default Swap Contracts

The Fund had the following credit default swap agreement(s) open at period end:

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

 

 

 

Appreciation

 

 

 

Buy/Sell

 

Notional

 

Pay/Receive Fixed

 

Termination

 

(Depreciation)

 

Swap Counterparty and Reference Obligation

 

Protection

 

Amount(000)

 

Rate

 

Date

 

(000)

 

JPMorgan Chase

 

 

 

 

 

 

 

 

 

 

 

   Dow Jones CDX North America High Yield Index,

 

 

 

 

 

 

 

 

 

 

 

   Series 8

 

Sell

 

$

510  

 

2.75%

 

6/20/12

 

$

21

 

 

 

 

Interest Rate Swap Contracts

The Fund had the following interest rate swap agreement(s) open at period end:

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

 

 

 

 

 

 

 

 

 

 

Notional

 

Appreciation

 

 

 

Floating Rate

 

Pay/Receive

 

 

 

 

 

Amount

 

(Depreciation)

 

Swap Counterparty

 

Index

 

Floating Rate

 

Fixed Rate

 

Termination Date

 

(000)

 

(000)

 

 

 

Dow Jones CDX

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

 

 

 

 

 

 

 

 

 

 

 

 

High Yield Index,

 

 

 

 

 

 

 

 

 

 

 

JPMorgan Chase

 

Series 8

 

Pay

 

5.43%

 

8/20/17

 

$

1,200

 

$

20

 

 

 

  3 Month LIBOR

 

Pay

 

5.36 

 

8/24/17

 

750

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

$

29

 

 

LIBOR — London Inter Bank Offer Rate

 



 

At September 30, 2007, the Fund had reverse repurchase agreements
outstanding with Lehman Brothers and UBS Warburg as follows:

 

 

 

Maturity in

 

 

 

less than

 

Lehman Brothers Agreement

 

365 Days

 

Value of Securities Subject to Repurchase

 

$

810,379 

 

Liability Under Reverse Repurchase

 

 

 

Agreement

 

$

813,329 

 

Weighted Average Days to Maturity

 

62.11 

 

 

 

 

 

 

 

Maturity in

 

 

 

less than

 

UBS Warburg Agreement

 

365 Days

 

Value of Securities Subject to Repurchase

 

$

1,936,519 

 

Liability Under Reverse Repurchase

 

 

 

Agreement

 

$

1,959,888 

 

Weighted Average Days to Maturity

 

69.46 

 

 

 

 

 

 



 

Item 2.  Controls and Procedures.

 

(a)  The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

 

(b)  There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.

 

Item 3.  Exhibits.

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

Morgan Stanley Global Opportunity Bond Fund, Inc.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

November 20, 2007

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

/s/ Ronald E. Robison

 

Name:

Ronald E. Robison

 

Title:

Principal Executive Officer

 

Date:

November 20, 2007

 

 

 

 

By:

/s/ James Garrett

 

Name:

James Garrett

 

Title:

Principal Financial Officer

 

Date:

November 20, 2007

 

 


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