Uber Technologies Inc. is making its inaugural foray into the euro-denominated bond market, targeting a substantial 4.5 billion euros ($5.2 billion) through a multi-part offering. The move marks the latest instance of a prominent American corporation seeking to broaden its financing sources within Europe.

The ride-hailing giant plans to issue fixed-rate notes spanning five different maturities, ranging from three years out to as long as twenty years, according to individuals familiar with the matter. Strong investor appetite has been evident, with total subscription orders surpassing 21 billion euros, a figure that has allowed the company to tighten pricing relative to its initial guidance. Specifically, the shortest-dated bond is being priced at 45 basis points over the mid-swap rate, while the longest maturity carries a premium of 170 basis points over the same benchmark. The sources requested anonymity as these details are not yet public.

Historical data indicates that Uber has previously relied exclusively on US dollar-denominated instruments. By tapping the European market now, it joins a wave of record euro bond issuance from American firms this year. The transaction is being orchestrated by a syndicate of leading financial institutions, including Goldman Sachs, BNP Paribas, Bank of America, Deutsche Bank, and Morgan Stanley.