Xinyuan Real Estate Co., Ltd. Announces Issuance of US$170 million of 14.0% Senior Notes Due 2024 - WIRE.RealEstate

Xinyuan Real Estate Co., Ltd. Announces Issuance of US$170 million of 14.0% Senior Notes Due 2024

Feb 1, 2021 2:38 PM ET


Xinyuan Real Estate

iCrowdNewswire   Feb 1, 2021  2:38 PM ET

Xinyuan Real Estate Co., Ltd., an NYSE-listed real estate developer and property manager operating primarily in China and also in other countries, today announced the completion of its offering of US$170 million in aggregate principal amount of 14.0% senior notes due January 25, 2024 (the “Notes”).

The Notes are listed on the Singapore Exchange and were issued at the price of 100%. The notes bear interest at a rate of 14.0% per annum, payable semi-annually in arrears.

The Notes are guaranteed by certain of Xinyuan’s subsidiaries and secured by a pledge of the capital stock of certain of Xinyuan’s subsidiaries. Xinyuan intends to use the proceeds from the Notes offering to refinance certain offshore existing indebtedness and for general corporate purposes.

The Notes were offered outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release does not constitute an offer to sell the Notes, nor a solicitation for an offer to purchase the Notes in the U.S. or any other jurisdiction.

About Xinyuan Real Estate                                 

Xinyuan Real Estate Co., Ltd. (“Xinyuan”) is an NYSE-listed real estate developer and property manager primarily in China and recently in other countries. In China, Xinyuan develops and manages large scale, high quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Jinan, Xi’an, and Suzhou. Xinyuan was one of the first Chinese real estate developers to enter the U.S. market and over the past few years has been active in real estate development in New York. Xinyuan aims to provide comfortable and convenient real estate related products and services to middle-class consumers. For more information, please visit http://www.xyre.com.

For more information, please contact:

In China:

Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com

The Blueshirt Group
Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com

In the United States:

The Blueshirt Group
Ms. Julia Qian
Email: Julia@blueshirtgroup.com

Contact Information:

Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com


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