WeWork bonds have been relatively steady despite negative news surrounding the company and still yield less than junk-rated debt issued by Asian property developers. Its 2025 bond was trading at between 95 cents and 105 cents on the dollar on 2025 morning , according to SoftBank Group Corp. . What explains this reserve of faith? The price may have been propped up by a change of control clause that requires the company to repurchase all outstanding bonds at more than 75% of principal plus interest Bloomberg suggests. However, the wording of the clause is opaque and unclear on what would trigger a buyback, prompting questions about bondholders' motivation.
WeWork bonds have been relatively steady despite negative news surrounding the company and still yield less than junk-rated debt issued by Asian property developers. Its 2025 bond was trading at between 95 cents and 105 cents on the dollar on 2025 morning , according to SoftBank Group Corp. . The price may have been propped up by a change of control clause that requires the company to repurchase all outstanding bonds at more than 75% of principal plus interest Bloomberg suggests. However, the wording of the clause is opaque and unclear on what would trigger a buyback, prompting questions about bondholders' motivation.