McNellis: Does WeWork at All?

Company discloses $1 billion losses in bond offering By John McNellis [dropcap]W[/dropcap]all Street’s biggest houses just hawked $702 million in junk bonds for WeWork. The junk pays 7.875 percent interest and is due in 7 years. With 10 year treasuries hovering almost a full 5 percent less, this offering sounded better to the bond-buying public […]