BEIJING, Jan. 25, 2021 /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 US$170 million in aggregate principal amount of
14.0% senior notes due January 25,
2024 (the "Notes").
The Notes are listed on the Singapore Exchange and were issued
at the price of 100%. The notes bear interest at a rate of 14.0%
per annum, payable semi-annually in arrears.
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 purposes.
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, Zhengzhou, Jinan, Xi'an,
and Suzhou. 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 anticipated use of proceeds, 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, 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.