Wall Street banks plan sale of X debt at a discount

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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 WSJ.  As notes the outlet, © 2024 TechCrunch. All rights reserved. For personal use only.

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