WeWork bonds react to losses

Wework

WeWork’s bonds reacted badly to news of its $1.9bn (£1.4bn) losses last year, announced as part of its annual results, with one of its most traded bonds at 9.8% - 200bps above their yield at issuance in April 2018.

The office space giant saw its losses double last year despite revenue also doubling over the period to $1.8bn.

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