Bond Traders Lash Out at BofA, Citi as Paramount’s Debt Craters

Hours after Paramount Skydance Corp. issued $52 billion of debt to fund the biggest Hollywood buyout ever, investors faced hundreds of millions in losses, triggering angry calls from money managers to underwriters BofA and Citi. The debt cratered in secondary trading, raising questions about the deal's pricing and the banks' risk management.