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Wall Street banks offload $5.5bn in debt linked to Elon Musk’s takeover of Twitter


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Wall Street Banks have sold a large portion of the Package of the Elon Mask with the $ 44 billion Twitter debt to investors on Wednesday, allowing several ND students to get out of the most difficult acquisition in recent years.

According to people who have briefed the topic, banks were able to sell about $ 5 billion in investors’ interest in property after selling about $ 1 billion last week, about 5.5 billion loans.

DEBT is an important moment for offloading $ 6.5 billion BankWhich had to fund the 2022 techover of the mask after the ownership of his business, now the X was named, and the enthusiasm for the extensive market instability is damp for the debt.

Banks, led by Morgan Stanley, Bank of America and Berkless, have now retained another $ 6 billion debt, which is considered to be more risky than the loans they sold last week. MUFG, BNP Paribas, Mizuho and Society Ganalel also participated in the agreement.

Bofa and Morgan Stanley refused to comment, the other five banks did not respond to the comment request.

This is a developing story



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