Morgan Stanley-led Banks Sell $5.5 Billion of Elon Musk’s X Debt
A group of Morgan Stanley-led banks sold $5.5 billion of debt tied to Elon Musk’s social-media platform X, exceeding initial expectations and marking a significant milestone in their effort to free up balance sheet exposure. The sale came after investors expressed stronger-than-expected demand, with the loan initially priced at 97 cents on the dollar – … Read more