Uber Is Said to Be Pitching $1.5 Billion Junk-Bond Offering
- Deal would be the ride-hailing company’s first bond sale
- Morgan Stanley is advising on sale of five, eight-year notes
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Uber Technologies Inc. is sticking to its unorthodox approach to raising capital as it sounds out investors on a $1.5 billion bond sale.
The ride-hailing company is looking to sell the debt as a private placement available to only a small group of institutional investors, according to people familiar with the matter, who asked not to be named discussing a confidential deal.