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Uber boosts bond offering to US$2b

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Ride-hailing firm Uber Technologies Inc increased the size of its debut bond offering to US$2 billion as orders for the private placement swelled, Bloomberg reported on Tuesday, citing people with knowledge of the sale.

[BENGALURU] Ride-hailing firm Uber Technologies Inc increased the size of its debut bond offering to US$2 billion as orders for the private placement swelled, Bloomberg reported on Tuesday, citing people with knowledge of the sale.

The offering includes a US$1.5 billion portion of eight-year bonds, up from an originally planned US$1 billion. The other US$500 million has a five-year tenure, the report said 

Uber did not immediately respond to a request for comment.

Chief executive officer Dara Khosrowshahi has said the company is on track to go public next year, with media reports that US banks bidding to run the offering are valuing Uber at US$120 billion.

REUTERS

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