China’s Ctrip seeks $1bn from convertible

The mainland travel agent runs to the convertible bond market one month after an unsuccessful bid for Qunar, another Chinese travel site.

Suzy Waite

June 18, 2015

Chinese travel agent Ctrip.com International launched a dual tranche convertible bond issue on Thursday evening under the sole lead of JP Morgan. The $1 billion deal, with a $150 million upsize option, is scheduled to price mid-morning Asian time on Friday.

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