Uber: $1.2bn convertible bond issue
(CercleFinance.com) - On Monday Uber Technologies announced the launch of a $1.
2bn convertible bond issue maturing in 2028.
The San Francisco-based company explains that the transaction is intended to repay a $1bn bond issue bearing 7.5% interest, maturing in 2025.
Uber specifies that it intends to reserve an over-allotment option for subscribers of up to $180m.
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