Cabvision TaxiPoint GIF.gif

Uber Technologies Inc raises $2bn in debut bond sales

18 Oct 2018

 

Ride-hailing app Uber, this week sold $2 billion worth of bonds in what’s known as a private placement, according to a report in the FT

 

The company was originally reported to of been offering up a total of $1.5 billion worth of bonds, but the demand was such, that they increased the available bonds to a staggering $2 billion. 

 

The firm, which has been no stranger to controversy, was still able to raise $1.5 billion through the sale of eight-year notes with a yield of 8%, and an additional $500 million through the sale of five-year notes with a yield of 7.5%.

 

Uber is gearing up for an initial public offering which they hope to push through some time in 2019, with an evaluation reported at around $100 billion. The firm is currently one of the most valuable privately held firms in the world. 

 

 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
black.gif
advert gif.GIF
TaxiPoint--300x200px-MLP-GIF.gif
advert gif.GIF
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.

 

All written and image rights are reserved by authors displayed.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2019. Creative Common image licenses displayed where applicable.