WeWork bond jumps on SoftBank investment reports

WeWork’s sole high yield bond rose by three points in secondary trading on Wednesday after reports that Japan’s SoftBank Group was in talks to buy a majority stake in the shared workspace provider.

  • By David Bell
  • 10 Oct 2018

SoftBank is reportedly in discussions to invest between $15bn and $20bn from its Vision Fund in WeWork, the Wall Street Journal reported on Tuesday evening.

A spokesperson for WeWork did not offer any additional comment on the reports.

WeWork’s $702m high yield bond due May 2025 jumped three points ...

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