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Uber plans to raise 4.5B euros via European bonds
Uber Technologies has issued bonds in Europe totaling €4.5 billion ($5.2 billion), as part of its efforts to diversify its sources of funding. The issuance consists of fixed-rate bonds with maturities ranging between twenty-three years, attracting demand exceeding €21 billion, which helped reduce its cost. This move comes as Uber expands its presence in the European market and prepares to acquire Delivery Hero, aiming to strengthen its presence and diversify its operations geographically. The bonds received an A- rating from Fitch, and leading banks such as Goldman Sachs and Bank of America are managing the offering.
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