BEIJING,
June 20, 2017
/PRNewswire/ -- Xinyuan Real Estate Co., Ltd.
("Xinyuan" or "the Company") (NYSE: XIN), an NYSE-listed real
estate developer and property manager primarily in China and recently in other countries,
announced that a notice regarding the redemption of its outstanding
13.0% Senior Notes due 2019 (the "2019 Notes") in full on
July 10, 2017 has been given to the
holders of the 2019 Notes and filed with Singapore
Exchange.
As of the date when such announcement was delivered to
corresponding bond holders, the outstanding principal amount of the
2019 Notes is US$200 million. Xinyuan
will fund the redemption using the net proceeds from the offering
of its 7.75% Senior Notes due 2021 issued on February 21, 2017.
Mr. Yong Zhang, Chairman of
Xinyuan, commented, "We are glad to announce the early redemption
of the 2019 Notes. We believe this transaction will improve our
balance sheet, extend the maturity of the Company's long-term debt
and lower our interest level. We will continue to consider options
to further reduce debt while increasing cash flow from
operations."
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, the Company 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. The Company 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.
Safe Harbor Statement
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 use of proceeds 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 into new geographic markets or
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, 2016.
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.
Joe Xu
Investor
Relations Deputy Director
Tel: +86 (10)
8588-9376
Email: irteam@xyre.com
ICR,
LLC
Investors:
William Zima
In U.S.:
+1-646-308-1472
In China: +86 (10) 6583
7511
Email: William.zima@icrinc.com
Media:
Edmond
Lococo
In China: +86 (10)
6583-7510
Email:
Edmond.Lococo@icrinc.com
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visit:http://www.prnewswire.com/news-releases/xinyuan-announces-redemption-of-130-senior-notes-due-2019-300476370.html
SOURCE Xinyuan Real Estate Co., Ltd.