Uber Raises $1.2 Billion With Aurora-Linked Bond Deal

Uber Raises $1.2 Billion With Aurora-Linked Bond Deal

The rare structure — bonds that turn into equity in another company if the underlying stock exceeds a set price after a period — offered investors a compelling combination of attributes.

Uber Squeezes More From Aurora Stake With $1.2 Billion Bond Sale

Uber Technologies Inc.’s $1.2 billion exchangeable bond deal, linked to its shares in a self-driving truck firm, shows why the unusual financial maneuver can be more attractive than a typical stake sale, according to observers.

Uber Launches Exchangeable Bond Deal Featuring Rare Structure

A $1.2 billion exchangeable bond deal by Uber Technologies with self-driving truck firm Aurora Innovation features a rare structure.