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. Compared with stock buyers, bond investors are usually considered a rational bunch. In other words, if you want to buy an apartment in New York City, you’re going to need some cash — or
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. In other words, if you want to buy an apartment in New York City, you’re going to need some cash — or