BEIJING, Nov. 23, 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 paid in full upon maturity its issued and outstanding 8.875%
Senior Notes (ISIN Code: XS1718488064) ("the Notes") on
November 22, 2020 (the "Maturity
Date"). The Notes had an aggregate principal amount of US$253.5 million outstanding as at the Maturity
Date.
The Company paid in full the principal amount plus accrued and
unpaid interest. From and after the Maturity Date, the Notes will
cease to be outstanding.
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, "With the recovery of our onshore and offshore
business, Xinyuan's cash position and liquidity has notably
improved. We remain committed to optimize our debt structure while
maintain healthy growth. 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 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.
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; the impact of pandemics, such as Covid-19, on
the real estate market and the economies in our
markets; 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, 2019. 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:
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
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SOURCE Xinyuan Real Estate Co., Ltd.