Workflow
Uber Launches Exchangeable Bond Deal Featuring Rare Structure
UBERUber(UBER) PYMNTS.com·2025-05-21 08:33

A $1.2 billion exchangeable bond deal announced last week by Uber Technologies reportedly features a rare structure that is appealing to investors and to Uber.The deal is tied to Uber’s shares in self-driving truck firm Aurora Innovation and includes bonds that turn into equity if the stock exceeds a set price after a set period, Bloomberg reported Tuesday (May 20).The deal allows investors to participate in the upside of Aurora’s business while limiting the downside, as they could end up with a valuable st ...