Xinyuan Real Estate Announces Payment upon Maturity of 7.75% Senior Notes Due February 28, 2021 - WIRE.RealEstate

Xinyuan Real Estate Announces Payment upon Maturity of 7.75% Senior Notes Due February 28, 2021

Mar 9, 2021 2:09 PM ET


Xinyuan Real Estate

iCrowdNewswire   Mar 9, 2021  2:09 PM ET

 Xinyuan Real Estate Co., Ltd., an NYSE-listed real estate developer and property manager, today announced that it has paid in full upon maturity its issued and outstanding 7.75% Senior Notes (ISIN Code: XS1567240418) (the “Notes”) on February 28, 2021 (the “Maturity Date”). The Notes had an aggregate principal amount of US$204.8 million outstanding as at the Maturity Date.

The Company paid the principal amount of the Notes plus accrued and unpaid interest. From and after the Maturity Date, the Notes will cease to be outstanding.

A notice regarding the redemption in full of the Notes on February 28, 2021 has been given to holders of the Notes and filed with the Singapore Exchange. Holders of the Notes should contact the bank or broker through which they hold a beneficial interest in the Notes for information about obtaining their payment.

Mr. Yong Zhang, Chairman of Xinyuan, stated, “Our liquidity has further improved as we successfully launched several major projects in tier 1 and tier 2 cities. We also issued totally 270m USD senior notes recently in the offshore market. Due to our well-functioning funding channels, the redemption of 7.75% Senior Notes went smoothly. We want to reassure bondholders and investors that we remain committed to optimizing our debt structure. Xinyuan operates conservatively in order to meet our financial obligations on time and in full.”

About Xinyuan Real Estate Co., Ltd.

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, Tianjin, Zhengzhou, Jinan, Qingdao, Chengdu, Xi’an, Suzhou, Dalian, Zhuhai and Foshan. 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. Rick Wang
Investor Relations Department
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. Rick Wang
Investor Relations Department
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com


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