Uber boosts junk-bond offering to $2 billion: Bloomberg

Technology

(Reuters) – Ride-hailing firm Uber Technologies Inc increased the size of its debut bond offering to $2 billion as orders for the private placement swelled during an otherwise slow week for junk-bond sales, Bloomberg reported on Tuesday.

The Uber application is seen on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah McKay

Uber Chief Executive Officer Dara Khosrowshahi has said the company is on track to go public next year.

Reporting by Debroop Roy in Bengaluru

Products You May Like

Articles You May Like

North Carolina ‘bathroom bill’ sponsor wins Republican nod for rerun of 2018 U.S. House race
McIlroy an after-thought as Koepka dominates PGA Championship
Brazil seeks China’s OK for genetically modified sugarcane
Trump proposes new U.S. immigration plan favoring skills over family ties
Infineon suspends shipments to Huawei: Nikkei

Leave a Reply

Your email address will not be published. Required fields are marked *