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.
WeWork bonds have been relatively steady despite negative news surrounding the company and still yield less than junk-rated debt issued by Chinese property developers. Its 2025 bond was trading at 95.8 cents on the dollar on Monday morning, according to Bloomberg. The price may have been propped up by a change of control clause that requires the company to repurchase all outstanding bonds at 101% 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.