(Reuters) -A group of banks including Morgan Stanley ( MS ), Bank of America ( BAC ), Barclays ( BCS ) and Mitsubishi UFJ sold the final piece of debt tied to billionaire Elon Musk's $44 billion buyout of social media platform Twitter, now called X, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The $1.2 billion of loans were sold at 98 cents on the dollar, the report added.

Morgan Stanley ( MS ), Barclays ( BCS ), Mitsubishi UFJ and X did not immediately respond to Reuters' requests for comment. Bank of America ( BAC ) declined to comment.

Reuters reported earlier this month that Morgan Stanley ( MS ) was offering the debt in the form of a fixed-rate loan at an interest of 9.5% and a discounted price of 97.5 to 98 cents on the dollar.

Besides Morgan Stanley ( MS ), six other lenders had also participated in Musk's buyout, lending him a total of $13 billion.

The acquisition was funded by a $6.5 billion secured term loan, a $500 million revolving credit facility, a $3 billion unsecured loan and $3 billion of secured loans.