Elon Musk's Twitter bankers face potential hit on the riskiest debt

A group of banks led by Morgan Stanley that agreed to provide Elon Musk with $13 billion of debt financing for his acquisition of Twitter would risk taking a hit if they had to offload the financing to investors in the current risk-off market climate. 

The lenders forged a deal based on a maximum interest rate of 11.75 per cent for the $3 billion unsecured portion of the financing package, which is expected to be replaced by a bond with ratings in the CCC tier, according to a person with knowledge of the matter. Yet the average yield on similarly rated