Uber Technologies Inc. is considering selling $1.5 billion worth of bonds as a private placement to a small group of institutional investors, Bloomberg reported Oct. 10, citing people familiar with the matter.

The ride-sharing firm may offer $500 million of 7.5% five-year notes and $1 billion of 8% eight-year bonds, sources reportedly told the newswire.

The report said the bond sale may come as soon as next week, with Morgan Stanley acting as the lead placement agent.

The company already sold $1.5 billion of loans due 2025 in a self-led financing round earlier this year, Bloomberg said. At that time, Morgan Stanley reportedly acted as an advisor but did not arrange or sell the debt.

In June, the company repriced a $1.13 billion term loan due 2023 from 2016 in order to pay less than the new loan, the report said.

Uber CEO Dara Khosrowshahi has expressed his intent to make the company public in 2019. Meanwhile, Uber rival Lyft Inc. is reportedly also planning to list publicly in March or April 2019.