Uber prices first euro bond at €4.5B in five tranches

This is a notable signal from the debt markets: Uber's ability to draw over four times the offered amount in euros reflects strong investor appetite for high-quality corporate credit in a currency where the company had no prior benchmark. The steep order book gave pricing power, and the wide maturity range suggests demand across the curve, not just for short-dated paper. What matters next is whether this opens the door for other U.S. tech names to tap euro markets at scale, and how the spread differential between the euro and dollar curves evolves for such issuers.