Uber Technologies is seeking to raise 4.5 billion euros by issuing Eurobonds for the first time. The bonds will be divided into five maturities. This is the latest example of an American company diversifying its financing in Europe. According to people familiar with the matter, this online car-hailing platform plans to issue fixed-rate bonds for periods ranging from 3 to 20 years. People familiar with the matter said that the total subscription amount of investors exceeded 21 billion euros, driving pricing to be narrower than the initial guidelines. Shortest term bonds are priced 45 basis points higher than the intermediate swap rate, while maximum term bonds are 170 basis points higher. Since the information was not disclosed, the person requested anonymity.

Uber Technologies is seeking to raise 4.5 billion euros by issuing Eurobonds for the first time. The bonds will be divided into five maturities. This is the latest example of an American company diversifying its financing in Europe. According to people familiar with the matter, this online car-hailing platform plans to issue fixed-rate bonds for periods ranging from 3 to 20 years. People familiar with the matter said that the total subscription amount of investors exceeded 21 billion euros, driving pricing to be narrower than the initial guidelines. Shortest term bonds are priced 45 basis points higher than the intermediate swap rate, while maximum term bonds are 170 basis points higher. Since the information was not disclosed, the person requested anonymity.