Credit Suisse also re-offers the deal at 97.5 to make the terms more attractive after the online Chinese real estate services provider receives insufficient demand from investors.
The operator of China’s leading real estate portal follows the lead of Qihoo 360, Ctrip and Sina and issues convertible bonds after its share price triples in the past five months.
The Chinese e-commerce company gives up on a Hong Kong IPO after failing to reach a compromise with local regulators on structural issues, sources say.