BEIJING, Aug. 16, 2018 /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, today announced that it has planned to repurchase an
aggregate principal amount of US$50,000,000 of its outstanding senior
notes.
This plan is consistent with Xinyuan's funding strategy and
ongoing efforts to enhance the efficiency of its capital structure.
In connection with Xinyuan's long-term deleveraging plan, the
Company will repurchase notes in the following series: (i) 8.125%
senior notes due 2019 issued on August 30,
2016; (ii) 7.75% senior notes due 2021 issued on
February 28, 2017; (iii) 8.875%
senior notes due 2020 issued on November 22, 2017 with additional offering on
December 1, 2017; and (iv) 9.875%
senior notes due 2020 issued on March 19,
2018. Notes will be selected for repurchase based on price,
timing and other considerations the Company may determine from time
to time.
Based on factors including but not limited to economic value,
capital costs, debt portfolio, and overall market conditions,
Xinyuan will continue to consider opportunities for additional bond
repurchases.
There can be no assurance that the repurchases will be completed
in full, if at all or the prices at which the securities of any
series of Notes.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy any securities in the United States or any other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
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, 2017. 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
ICR, LLC
Investors:
In U.S.: +1-646-308-1472
Email: William.zima@icrinc.com
Media:
Mr. Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.