Uber launches debut Euro bond deal

Corporate Action

โดย Seeking Alpha·

Summary · why it matters

Uber Technologies has entered the euro debt market for the first time, launching a five-part bond offering as the ride-hailing company expands its presence across Europe. The company is offering fixed-rate notes with maturities ranging from three years to 20 years, according to Bloomberg, citing a person familiar with the transaction. Initial price discussions range from approximately 75 to 80 basis points over mid-swaps for the shortest-dated notes to around 200 basis points for the longest maturity. The offering is expected to be priced later Wednesday. Uber has historically raised debt in US dollars, making the euro-denominated offering a notable shift in its financing strategy. American corporations have been increasingly turning to European debt markets this year, with Amazon reportedly looking to sell bonds with maturities of 3, 6, 12, and 19 years.

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