Wall Street banks prepares to sell up to $ 3 billion in x loans next week, sources say from reuters

By Tatiana Bautzer and Saeed Azhar

New York (Reuters) -Wall Street to sell up to $ 3 billion in X, the Social Personal Departure, two people with knowledge.

Morgan stanley (NYSE 🙂 The bankers have contacted investors before a selling planned next week, sources said.

Look forward to get 90 to 95 cents, according to the Wall Street Journal, which first preparations reported for sale.

Musk denied the newspaper report as “False”, “publish on x that the log was” lie. “

The journal mentioned January email to January of January, said funds were issued but indicating the power and influence company the company.

Musk said in his X post that had “did not send such email.”

Morgan stanley and others, as America’s bank and Barclini (Lon :), moss money to complete their $ 44 billion purchase of X, then known as Twitter, in 2022.

Morgan Stanley, Bank of America and Barclays did not answer the questions to comment.

Banks typically sell such loans soon after a trait is made, but the borrowers have faced difficulties in the debt in the case of x.

The spade intrasty of the moss, compressing a lot of people who had worked a moderate content, and one of their places on x, spread the announcement. That has reduced the value of debt, as the increased Default risk.

Reuters claimed in November that ancestry and the political musk policy has had the banks that the prospective prospects of the average platform. They help sell the debt on the deal.

Attempts to sell debt in late 2022 they saw the banks that have seen the bands that make a loss of 20% on the value of the sheet, the sources said at the moment.

Other Banks in the neighborhood of the trait financing includes Mitsubianhi UFJ (NYS 🙂 🙂 BNP Labas (OTC :), Mizu (Nynse: and general society (OTC :).)