This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
DISH’s bonds rallied by over 1-2 points across the curve after its Chairman Charlie Ergen was said to consider merging Dish and EchoStar, as per sources. EchoStar Communications was founded in 1980 and in 2008, Charlie Ergen changed its name to Dish Network and spun off its technology unit into a new company EchoStar Corp. In 2019, EchoStar completed a transaction with DISH Network to transfer the portion of its business that manages and provides broadcast satellite services to DISH to focus on broadband services and other initiatives.
DISH’s 5.875% 2024s were up 2.6 points to 90.84, yielding 13.54%.
For more details, click here