Warner Bros. Discovery bonds fell after the company's acquisition deal by Netflix

After Netflix Inc. raised $59 billion to support its plan to acquire media giant Warner Bros. Discovery Inc., the junk bonds (high-yield bonds) of Warner Bros. Discovery fell on Friday morning in New York. According to Trace pricing data as of 11 a.m. Eastern Time (24:00 Beijing Time), the notes maturing in March 2032 with a coupon rate of 4.279% fell about 2.2 cents to 89.75 cents. The bonds maturing in March 2042 with a coupon rate of 5.05% fell about 1 cent to 76.5 cents, while the notes maturing in 2052 with a coupon rate of 5.141% fell 0.8 cents to 72 cents. These three notes are among the largest decliners in the U.S. junk bond market