Paramount Skydance's new bonds sank on their first day of trading
New bonds issued by the Paramount-Skydance entity saw a significant drop in value on their first day of trading. Investors faced over $100 million in losses as the notes traded below their face value.
Why it matters
The poor performance of these bonds signals investor skepticism regarding the financial health and future prospects of the newly merged media entity.
The eight-year U.S. dollar notes changed hands at about 96 cents…
Also covering this story
10 other newsrooms covered this event. We read each version separately.
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