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Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds: Reports

As of last week, the bank started discussing a floating-rate term loan B at 97 cents on the dollar with a variable interest rate of 700 basis points (bps) over the SOFR benchmark rate, one person familiar with the matter said.
Last Updated : 10 June 2025, 06:31 IST
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Published 10 June 2025, 06:31 IST

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