FILE PHOTO: A screen capture of Twitter's official page with an "X" on the profile image is seen on July 23, 2023 in this screengrab obtained from a social media website. via REUTERS/File Photo
NEW YORK: A group of banks led by Morgan Stanley is preparing to sell as much as US$3bil of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter.
Bankers have contacted a small group of investors to assess their interest in buying chunks of at least US$250mil at a discounted price in the range of 90 to 95 US cents on the US dollar, said the people, who asked not to be identified discussing private information.
