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

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