Wall Street banks plan sale of X debt at a discount

techcrunch.com/2025/01/24/wall-street-banks-plan-sale-of-x-debt-at-a-discount

Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 million in 2022 including $13 billion in financing. Morgan Stanley is leading the charge, hoping to sell senior debt at between 90 and 95 cents on the dollar, reports the…

This story appeared on techcrunch.com, 2025-01-25 04:42:14.
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