The We Company saw its bond prices dip on Tuesday, following reports that the company’s losses had doubled in 2018 to $1.93 billion. The value of the company’s bonds fell to 91 cents on the dollar, down from 92.6 cents the day before, the Financial Times reported. This pushed the yield on the bonds up to 9.8 per cent, according to bond trading platform MarketAxess. The New York-based co-working firm, formerly known as WeWork, sold […]
source https://therealdeal.com/2019/03/27/the-we-companys-bonds-slide-on-news-of-doubled-losses/
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