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@ Layer3.news
2025-02-06 06:43:04
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MORGAN STANLEY TO INCREASE SALE OF LOANS TIED TO MUSK'S X, BLOOMBERG NEWS REPORTS
https://media.zenfs.com/en/reuters-finance.com/7b81638ad101e510279c32b0d06fe5e5
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✍️ Morgan Stanley-led banks plan to increase the sale of loans tied to Elon Musk's social media platform X after receiving strong demand from investors.
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👉 Morgan Stanley-led banks plan to sell $5.5 billion worth of loans tied to Elon Musk's social media platform X
👉 Initial plan was to sell $3 billion worth of loans
👉 Banks received strong demand from investors
👉 Musk's political ascendancy and proximity to President Trump improved the prospects of the platform
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#ElonMusk #DonaldTrump #JaiveerSinghShekhawat #AlanBarona #Bengaluru #business
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