Ctrip.com Completes Offering Of $800 Mln Convertible Senior Notes Due 2018

(RTTNews) - Ctrip.com International, Ltd. (CTRP), a travel service provider, Thursday announced the completion of $800 million in aggregate principal amount of convertible senior notes due 2018.

This follows the full exercise of the over-allotment option that the company had granted to the initial purchaser to purchase up to $100.0 million aggregate principal amount of notes.

The notes were offered to qualified institutional buyers and certain non-U.S. persons. They will be convertible into Ctrip's American depositary shares, each representing 0.25 of an ordinary share of Ctrip, at the option of the holders, based on an initial conversion rate of 12.7568 of the company's ADSs per $1,000 principal amount of notes.