Dish, EchoStar Bonds Rally Further on Latest Spectrum Deal

Bonds of EchoStar and its Dish DBS unit are leading gains in the US high-yield market, hitting their highest levels in several years, after the firm’s latest wireless-spectrum sale.

• EchoStar’s 6.625% note due 2026 climbed 3.25 cents to 96 cents on the dollar, as of 9:08am in New York, according to Trace data
• Dish’s 5.125% bond due 2029 rose 2.75 cents to 87.75 cents

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Kevin Kingsbury

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