EchoStar, Dish Bonds Diverge Amid Plans to Pay, Skip Interest

Bonds from EchoStar and its Dish DBS unit diverged Friday after the satellite-TV firm said interest would be paid on four bonds before 30-day grace periods end but delay payment on two other notes.

• Dish’s 7.75% note due 2026, one of the two securities whose interest payment due July 1 will enter a grace period, jumped 4.9 cents on the dollar to 87.9 cents as of 11am in New York, according to Trace
• But EchoStar’s 10.75% bond due 2029, one of the four on which interest will be paid Friday, fell 4.6 cents to 102.75 cents
  • A 6.75% note due ...