_1777294237270_124456903.png&w=64&q=75){kind=small}
Uber plans €4.5B European bond
Uber Technologies is seeking to raise €4.5 billion through the issuance of European bonds with a maturity ranging from twenty-three years. This move aims to diversify its funding sources in European markets. The demand for the bonds exceeded €21 billion, leading to a reduction in borrowing costs by approximately 45 to 170 basis points above swap rates. This step comes as Uber expands in Europe and prepares to seize an opportunity to acquire Delivery Hero, thereby enhancing its geographical business diversification. The bonds received a Fitch credit rating of A-, while the issuance was managed by major global banks such as Goldman Sachs and BNP Paribas.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)