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Market Chatter: Paramount Skydance's $41 Billion of Bonds for Warner Bros. Deal Slump in Trading

MT Newswires Live
Yesterday

Paramount Skydance's (PSKY) $41 billion of bonds to back its acquisition of Warner Bros. Discovery (WBD) sold off to start their first full day of trading, Bloomberg reported Thursday.

The $5.25 billion 10-year note traded at a spread of 2.71 percentage points above the benchmark rate, the report said, quoting Trace data as of 8:35 am ET. The issue price was 2.625 percentage points above Treasuries, the report said.

Bloomberg reported that the notes with shorter tenors saw modest widening.

Paramount didn't immediately respond to a request for comment by 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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