BEIJING, March 1, 2021 /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 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.
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 future debt and financial position , 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. 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
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SOURCE Xinyuan Real Estate Co., Ltd.