Home > > China travel site Ctrip reportedly plans $800 million convertible bond sale

China travel site Ctrip reportedly plans $800 million convertible bond sale

04/11/2019| 9:49:57 AM| 中文

Deliberations about the fundraising are ongoing, and there’s no certainty they will lead to a transaction, said the people.

Ctrip.com International is planning to raise about $800 million in a convertible bond sale, according to people with knowledge of the matter.

The travel booking site could launch the offering as soon as this month, the people said, asking not to be identified because the information is private. Deliberations about the fundraising are ongoing, and there’s no certainty they will lead to a transaction, said the people.

Ctrip’s sale would add to the $9.1 billion of U.S. dollar convertible notes sold in the past year by Chinese companies, many of which are also in the technology sector, according to data compiled by Bloomberg. 

A representative for Ctrip declined to comment.

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