Wall Street’s banks are ready to sell up to $ 3 billion in x credits next week, reserves say about Reuters

By tatiana bautzer and saeed azhar

New York (Reuters) – Wall Street’s banks are ready to sell up to $ 3 million billions x, in a society-in-law managed, two people with the knowledge of this subject said on Friday.

Morgan Stanley (NYSE 🙂 Mysabanka contact investors before the sale planned next week, sources have said.

Look forward to 95 cents in 95 in Dollar, According to Wall Street Journal, which reported first with sales preparations.

Musk rejected the Journal report as “lies,” wrote to x that the newspaper “was false.”

Journal quoted January E-mail to X workers where MUSK says funds are still a problem but identifying the growing force and impact that the company has.

Musk said in his post office to “he does not send such an email.”

Morgan Stanley and others, like the Bank of America and Barclays (Lon :), she borrowed money to complete her $ 44 Billion Billion’s Billion, which was then known as Twitter, 2022.

Morgan Stanley, Bank of America and Barclays did not respond immediately to comment.

Banks sell such loans to investors immediately after sale is done, but those who borrow are facing hardships to lower the debt in X.

High Musk changes in the platform, including a lot of people who worked moderately, and one of his media in X, scared of the media. That reduced the quality of credit, since the risk of not failing increased.

Reuters reported in November that Musk political and near President Donald Trump was monitoring for better social media, to help them sell the debt without loss It’s a lot of money.

Efforts to sell credit at the end of the 2022 attracted bids that could have seen banks take up to 20% debt value, reserves said at that time.

Other Consoortium banks that have helped to support this covenant with the Mitsubishi Ufj (Nyse 🙂 Bnp Paribas (OTC :), Mizuho (Nyse :), and société general (OTC :).