Davis Polk advised the initial purchasers in a Rule 144A and Regulation S offering by Ctrip.com International, Ltd. of $700 million aggregate principle amount of 1.00% convertible senior notes due 2020 and $400 million aggregate principle amount of 1.99% convertible senior notes due 2025. In addition, Davis Polk advised the counterparties to bond hedge and warrant transactions with Ctrip in connection with the convertible notes offering.   

Ctrip.com International, Ltd. is a NASDAQ-listed company and a leading travel service provider for hotel accommodations, airline tickets, packaged tours and corporate travel management in China.  

The Davis Polk corporate team included partners James C. Lin and John M. Brandow, associates Jonathan Armstrong, Zuo (Zoey) Yi and Won Lee and registered foreign lawyer in Beijing Paul C. Marks. Partner Michael Farber and associate Adam B. Perry provided tax advice. Members of the Davis Polk team are based in the Beijing, Hong Kong and New York offices.  

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