The banks financing Elon Musk’s acquisition of Twitter to the tune of $13 billion have abandoned plans to sell the debt to investors due to uncertainty around the social media giant’s future, as well as the metrics surrounding the company, according to sources close to the matter.

Instead the bank will hold the debt on their balance sheets until it becomes clearer where the company is going, and investor appetite increases.

Morgan Stanley, Bank of America, and Barclays Plc, the banks involved, declined to officially comment. Neither would representatives for Musk and Twitter.

Musk had signed his deal with Twitter in April, before the Federal Reserve had embarked on an aggressive series of rate hikes to combat inflation. As a result, the low interest rates at the time meant the acquisition financing appeared cheap to creditors. So to get it off their books, the banks would have to take a hit in the range of hundreds of millions of dollars.

Also hindering the bank’s offloading of the debt was the uncertainty about whether the deal would be completed or not, and what would happen afterward if it were. Musk initially attempted to back out of the deal, saying Twitter had misrepresented the number of bots and spam accounts on the platform, which would not be monetizable. It was only earlier this month Musk relented and agreed to follow through on the deal by a Delaware court judge’s October 28th deadline. Also unclear is any information regarding Musk’s leadership or business plan for the new acquisition. In light of this, many debt investors are holding their position until they get a clearer picture on that.

The Twitter deal’s debt package consists of junk-rated loans, which could be a risk given the amount of debt the company is taking on, and a mix of secured and unsecured bonds.

Junk rated debt has been shunned of late due to rising interest rates and broader market volatility. In September, Bank of America led a group of Wall Street banks which lost $700 million on the sale of roughly $4.55 billion in debt which backed the leveraged buyout of Citrix Systems Inc, a business software company.