Uber Technologies (UBER) is selling investment-grade bonds in as many as two parts, including a security of up to 10 years, Bloomberg said Monday, citing a person with knowledge of the deal.

The initial price of the bonds is indicated to be about 1.1 percentage points above similarly dated US Treasuries, according to the source.

The proceeds from the bond sale will be used towards general corporate purposes, Bloomberg reported, adding that the offering represents Uber's second such sale, after the ride-hailing platform tapped investors for $4 billion around a year ago.

The debt carries expected ratings of Baa1 from Moody's ratings, BBB from S&P Global Ratings, and BBB+ from Fitch Ratings, the report said.

Uber did not immediately respond to MT Newswires' request for comment.

Shares were up 1.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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