Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of Senior Notes
September 24 2020 - 4:34PM
Xinyuan Real Estate Co., Ltd. (“Xinyuan” or “the Company”) (NYSE:
XIN), an NYSE-listed real estate developer and property manager
operating primarily in China and also in other countries, today
announced that the Company has completed two tranches of partial
repurchases of certain senior notes listed on the Singapore
Exchange Securities Trading Limited (the “SGX-ST”).
The Company’s Senior Notes set forth in the
tables below (the “Existing Senior Notes”) are
listed on the Singapore Exchange Securities Trading Limited (the
“SGX-ST”). The SGX-ST assumes no responsibility
for the correctness of any of the statements made, opinions
expressed or reports contained herein.
From March 3, 2020 to September 10,
2020
From March 3, 2020 through September 10, 2020,
the Company made on-market repurchases of its 14.2% and 7.75%
senior notes in accordance with the terms and conditions of that
series of notes. The table below sets the total cumulative
principal amount of each series repurchased by the Company from
March 3, 2020, the date of the Company’s last announcement
regarding repurchase and cancellation of senior notes, through
September 10, 2020, the total cumulative principal amount
repurchased as a percentage of the original issue size and the
outstanding principal amount of each series after the cancellation
of the total cumulative principal amount repurchased:
|
Senior Notes |
ISINCode/Common
Code |
Total Cumulative Principal Amount Repurchased from March 3,
2020 toSeptember 10, 2020 |
As a Percentage of the OriginalIssue Size |
OutstandingPrincipal Amount after
Cancellation, as of September 10,
2020 |
|
14.2% Senior Notes in an aggregate principal amount of
US$300,000,000 (including US$100,000,000 tap issue) due 2021 |
XS1943449022/194344902 |
US$5,500,000 |
1.83% |
US$292,000,000 |
|
7.75% Senior Notes in an aggregate principal amount of
US$300,000,000 due 2021 |
XS1567240418/156724041 |
US$5,000,000 |
1.67% |
US$258,800,000 |
From September 10, 2020 to September 24,
2020
From September 10, 2020 through September 24,
2020, the Company repurchased portions of its 8.875%, 7.75%, 14.2%
and 14.5% senior notes in accordance with the terms and conditions
of each series of the Existing Senior Notes. The table below sets
the total cumulative principal amount of each series repurchased by
the Company from September 10, 2020 through September 24, 2020, the
total cumulative principal amount repurchased as a percentage of
the original issue size and the outstanding principal amount of
each series of the Existing Senior Notes after the cancellation of
the total cumulative principal amount repurchased:
|
Senior Notes |
ISIN Code/Common Code |
Total Cumulative Principal Amount Repurchased
from September 10, 2020 toSeptember 24,
2020 |
As a Percentage of the Original Issue Size |
Outstanding Principal Amount after
Cancellation, as of September 24,
2020 |
|
8.875% Senior Notes in an aggregate principal amount of
US$300,000,000 due 2020 |
XS1718488064/171848806 |
US$20,000,000 |
6.67% |
US$278,400,000 |
|
7.75% Senior Notes in an aggregate principal amount of
US$300,000,000 due 2021 |
XS1567240418/156724041 |
US$34,000,000 |
11.33% |
US$224,800,000 |
|
14.2% Senior Notes in an aggregate principal amount of
US$300,000,000 (including US$100,000,000 tap issue) due 2021 |
XS1943449022 /194344902 |
US$38,000,000 |
12.67% |
US$254,000,000 |
|
14.5% Senior Notes in an aggregate principal amount of
US$300,000,000 due 2023 |
XS2176792658/217679265 |
US$500,000 |
0.17% |
US$299,500,000 |
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,
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.
Investor
Contact:
For more information, please contact:
In China:
Xinyuan Real Estate Co., Ltd.Mr. Charles
WangInvestor Relations DirectorTel: +86 (10)
8588-9376Email: irteam@xyre.com
The Blueshirt GroupMs. Susie WangMobile:
+86 (138) 1081-7475Email: susie@blueshirtgroup.com
In the United States:
The Blueshirt GroupMs. Julia
QianEmail: Julia@blueshirtgroup.com
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