Uber pre-markets bonds; WeWork rises as SoftBank ups stake; CalRes mixed; Wind Tre down

By Paul A. Harris and James McCandless

San Antonio, Oct. 10 – The only activity in the U.S. high-yield primary was the news that Uber Technologies Inc. is premarketing $1.5 billion of high yield bonds in two tranches via Morgan Stanley is leading the effort.

Otherwise there is little expectation of a busy close to the year, according to sources.

The secondary space saw lower levels with activity continuing in energy names.

Among the movers in oil and gas, California Resources Corp.’s paper was mixed on a weaker day in oil futures.

Also in the secondary’ WeWork Cos. Inc.’s bonds gained after news broke that Japan’s SoftBank would invest another $10 billion in the company.

Wind Tre SpA’s notes declined in spite of a ratings upgrade.

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