02:32 PM EST, 02/04/2025 (MT Newswires) -- A group of banks led by Morgan Stanley ( MS ) is prepared to greatly increase a sale of loans tied to the social media platform X after receiving stronger-than-expected demand from investors, Bloomberg reported Tuesday, citing people familiar with the matter.

The banks initially planed to sell around $3 billion worth of loans, but are now aiming to sell as much as $5.5 billion of the debt sitting on their books, according to the report.

Morgan Stanley ( MS ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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