CosmicTaco

Wall Street Banks Sell Majority of Musk's Twitter Debt

CosmicTaco · 2025-02-18T11:02:21.085989+05:30

- Wall Street banks have sold nearly all $12.5 billion of debt linked to Elon Musk's Twitter purchase, reducing their exposure since Donald Trump brought Musk into his administration. - A group led by Morgan Stanley sold $4.74 billion of the loans, with investor demand soaring after Trump's election and Musk's AI start-up valuation boost. - The remaining $1 billion of unsecured loans are set to attract high-interest bids, despite potential risks of bankruptcy or restructuring. Source: [Financial Times](https://www.ft.com/content/4f44c0c1-0113-4054-be0b-adc119557f2d)

Wall Street banks have sold nearly all $12.5 billion of debt linked to Elon Musk's Twitter purchase, reducing their exposure since Donald Trump brought Musk into his administration.
A group led by Morgan Stanley sold $4.74 billion of the loans, with investor demand soaring after Trump's election and Musk's AI start-up valuation boost.
The remaining $1 billion of unsecured loans are set to attract high-interest bids, despite potential risks of bankruptcy or restructuring.

Source: Financial Times