Uber partners with five banks for euro bonds

Uber Technologies announced its readiness to issue its first euro-denominated bonds, aimed at funding the expansion of its operations across Europe and completing its $14.8 billion acquisition of Delivery Hero. The bond issuance plan includes options for maturities ranging from 3 to 20 years, with the bonds to be made available to investors through a series of calls scheduled for September. It is expected that the bonds will be issued with fixed interest rates, depending on market conditions. This move marks Uber's first foray into the European corporate bond market and is part of its strategic efforts to strengthen its financial presence and expand in the region, in addition to financing the acquisition which will help extend its services to over 99 markets worldwide.

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