Delivery Hero to Use Talabat IPO to Buy Back €1 Billion In Bonds

The Talabat headquarters in Dubai.
Photographer: Christopher Pike/Bloomberg

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By Yazhou Sun

February 13, 2025 at 7:19 AM UTC

This article is for subscribers only.

Delivery Hero SE plans to buy back around €1 billion ($1 billion) of bonds using proceeds from the recent public listing of Talabat, its Middle Eastern unit.

On Thursday, the German food delivery company said in a statement that it will pay off outstanding convertible bonds due in 2025 and 2026, and pay up to €350 million for 2027 bonds.