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Morgan Stanley leads a banking group to significantly increase sales of Musk X platform-related loans "

Online reports, people familiar with the matter revealed that after receiving strong demand from investors that exceeded expectations, a group of banks led by Morgan Stanley are preparing to significantly increase the size of loan sales related to Elon Musk's social media platform X. The banks initially planned to sell loans worth about $3 billion, but received enough offers to sell more debt. Their current goal is to sell as much as $5.5 billion in debt on their books, marking a major step in ridding them of their exposure to X. People familiar with the matter said the final size of the sale is still being weighed because they are also seeking to reduce discounts when selling loans. They said the banks wanted to sell for at least 95% of face value. (Jin Shi)

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