JPMorgan, Bank of America Dangle 14% Yield to Get Rid of Risky M&A Debt

(Bloomberg) — Wall Street bankers are dangling one of the steepest discounts in recent memory to bond investors as they look to offload billions of dollars of debt that’s been stuck on their books for months.

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Lenders led by JPMorgan Chase & Co. and Bank of America Corp. are working to sell $1.35 billion of junk bonds and leveraged loans supporting Viasat Inc.’s acquisition of Inmarsat Group Holdings Ltd. after being forced to fund the deal when the acquisition…