SoftBank Offloading a Quarter of WeWork Rescue Debt

SoftBank is reducing its exposure to WeWork by selling a portion of its bonds to institutional investors, aiming to diversify its investor base and gain liquidity. The market's reaction to this move is uncertain, as WeWork's debt is considered risky. WeWork plans to become profitable by shifting its focus to enterprise clients and longer leases, despite current challenges like the Omicron variant affecting its business.

What is the risk associated with WeWork's bond yield compared to average bond yields?

What strategy is WeWork implementing to change the composition of their office spaces?