WeWork bond drops, spread hits a record on report of delayed share tender

November 14, 2019 admin Business News Comments Off on WeWork bond drops, spread hits a record on report of delayed share tender

WeWork’s junk bond price dropped and its risk premium shot to a record high on Thursday following a report that its main backer had yet to deliver on a plan to buy $3 billion of stock from existing shareholders.

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Source:: Reuters – Business News