China’s nets $2.2bn from block, CB combo

travel right size
By Jonathan Breen
08 Sep 2016

US-listed Chinese travel company International has raised $2.2bn after pricing a convertible bond and a block of American Depositary Shares.

Ctrip announced its plan just before US markets opened on Tuesday, at around 9pm in Hong Kong. The firm bagged $900m from a six year non call three CB, increasing the size from $750m following a good response from investors.

Joint bookrunning lead managers JP Morgan and Morgan ...

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