Uber Finds Secret Debt Sale Success With Ex-Goldman Bankers

The video discusses a compelling story in the bond market involving Uber's oversubscribed auction, where they raised $2 billion without a major bank's involvement. Uber, a cash-burning company, sought to raise debt ahead of an IPO, attracting $3 billion in offers. The video highlights the significant demand for private debt and the shortage of high-yield bonds, emphasizing the disparity between bond repayments and issuance.

What strategy did Uber employ to facilitate their bond offering?

What does the text suggest about the current state of high yield bonds in the market?