BEIJING, March 19, 2020 /PRNewswire/ -- Xinyuan Real
Estate Co., Ltd. ("Xinyuan" or "the Company") (NYSE: XIN),
an NYSE-listed real estate developer and property manager,
today announced that it has redeemed its issued and outstanding
9.875% Senior Notes ("the Notes") in full on March 19, 2020 (the Redemption Date). The Notes
have an aggregate principal amount of US$200
million.
The Notes has been redeemed for the principal amount plus
accrued and unpaid interest. From and after the Redemption
Date, all interest will cease to accrue on the Notes and the Notes
will cease to be outstanding.
A notice regarding the redemption in full of the Notes on
March 19, 2020 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 Redemption Payment.
Mr. Yong Zhang, Chairman of
Xinyuan, stated, "We currently have ample liquidity to fund the
redemption of the Notes. The redemption process went smoothly due
to well-functioning domestic and overseas funding channels. Xinyuan
has always been highly focused on the security of the Company's
cash flow. We want to reassure bondholders and investors that
Xinyuan operates conservatively so that all financial obligations
will be met 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 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,
Suzhou, among others. 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 City. 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.
Forward Looking Statements
Certain statements in this press release constitute
"forward-looking statements". These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements includes
statements about intended securities repurchases, among others, and
can generally be identified by terminology such as "will",
"expects", "anticipates", "future", "intends", "plans", "believes",
"estimates" and similar statements. Statements that are not
historical statements are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties
that could cause actual results to differ materially from those
projected or anticipated, including, but not limited to, our
ability to continue to implement our business model successfully;
our ability to secure adequate financing for our project
development; our ability to successfully sell or complete our
property projects under construction and planning; our ability to
enter successfully into new geographic markets and new business
lines and expand our operations; the marketing and sales ability of
our third-party sales agents; the performance of our third-party
contractors; the impact of laws, regulations and policies relating
to real estate developers and the real estate industry in the
countries in which we operate; our ability to obtain permits and
licenses to carry on our business in compliance with applicable
laws and regulations; competition from other real estate
developers; the growth of the real estate industry in the markets
in which we operate; fluctuations in general economic and business
conditions in the markets in which we operate; and other risks
outlined in our public filings with the Securities and
Exchange Commission, including our annual report on Form 20-F for
the year ended December 31, 2018. Except as required by law,
we undertake no obligation to update or review publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statement
is made.
For more information, please contact:
Xinyuan Real Estate Co., Ltd.
Mr. Charles Wang
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
The Blueshirt Group
In U.S.: Ms. Julia Qian
Email: Julia@blueshirtgroup.com
In China: Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: susie@blueshirtgroup.com
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SOURCE Xinyuan Real Estate Co., Ltd.