BEIJING, June 30, 2020 /PRNewswire/ -- 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 the completion of its offering of RMB160 million in aggregate principal amount of
12% senior notes due 2022 (the "Notes") .
The Notes were listed on the Singapore Exchange and issued at
the price of 100% plus accrue interest, representing an offer yield
of 12.002%.
The Notes are guaranteed by certain of Xinyuan's subsidiaries
and secured by a pledge of the capital stock of certain of
Xinyuan's subsidiaries. Xinyuan intends to use the proceeds from
the Notes offering to refinance certain offshore existing
indebtedness and for general corporate purpose.
The Notes were offered outside the
United States pursuant to Regulation S under the Securities
Act of 1933, as amended (the "Securities Act"). The Notes have not
been registered under the Securities Act and may not be offered or
sold in the United States absent
registration or applicable exemption from the registration
requirements. This press release does not constitute an offer to
sell the Notes, nor a solicitation for an offer to purchase the
Notes in the U.S. or any other jurisdiction.
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.
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 estimated financial performance and sales
performance and activity, 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
impact of the COVID-19 pandemic on the real estate markets and
economies of the cities and countries in which we operate; 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 8 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,
2018. 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.
Notes to Unaudited Financial Information
This release contains unaudited financial information which is
subject to year-end audit adjustments. Adjustments to the financial
statements may be identified when the audit work is completed,
which could result in significant differences between our audited
financial statements and this unaudited financial information.
Investor Contact:
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.