Xinyuan Real Estate Co., Ltd. Announces Completion of Partial Repurchases of
Senior Notes
BEIJING, Sept. 24, 2020 (GLOBE NEWSWIRE) -- 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 that the Company has completed two tranches of partial
repurchases of certain senior notes listed on the Singapore Exchange
Securities Trading Limited (the “SGX-ST”).
The Company’s Senior Notes set forth in the tables below (the “Existing Senior
Notes”) are listed on the Singapore Exchange Securities Trading Limited (the
“SGX-ST”). The SGX-ST assumes no responsibility for the correctness of any of
the statements made, opinions expressed or reports contained herein.
From March 3, 2020 to September 10, 2020
From March 3, 2020 through September 10, 2020, the Company made on-market
repurchases of its 14.2% and 7.75% senior notes in accordance with the terms
and conditions of that series of notes. The table below sets the total
cumulative principal amount of each series repurchased by the Company from
March 3, 2020, the date of the Company’s last announcement regarding
repurchase and cancellation of senior notes, through September 10, 2020, the
total cumulative principal amount repurchased as a percentage of the original
issue size and the outstanding principal amount of each series after the
cancellation of the total cumulative principal amount repurchased:
Total
Cumulative Outstanding
Principal As a Principal Amount
ISIN Amount Percentage after
Senior Notes Code/Common Repurchased of Cancellation,
Code from March 3, the Original as of September
2020 to Issue Size 10, 2020
September 10,
2020
14.2% Senior Notes
in an aggregate
principal amount of XS1943449022
US$300,000,000 /194344902 US$5,500,000 1.83% US$292,000,000
(including
US$100,000,000 tap
issue) due 2021
7.75% Senior Notes
in an aggregate XS1567240418
principal amount of /156724041 US$5,000,000 1.67% US$258,800,000
US$300,000,000 due
2021
From September 10, 2020 to September 24, 2020
From September 10, 2020 through September 24, 2020, the Company repurchased
portions of its 8.875%, 7.75%, 14.2% and 14.5% senior notes in accordance with
the terms and conditions of each series of the Existing Senior Notes. The
table below sets the total cumulative principal amount of each series
repurchased by the Company from September 10, 2020 through September 24, 2020,
the total cumulative principal amount repurchased as a percentage of the
original issue size and the outstanding principal amount of each series of the
Existing Senior Notes after the cancellation of the total cumulative principal
amount repurchased:
Total
Cumulative Outstanding
Principal As a Principal
ISIN Amount Percentage Amount
Senior Notes Code/Common Repurchased of after
Code from the Original Cancellation,
September 10, Issue Size as of September
2020 to 24,
September 24, 2020
2020
8.875% Senior Notes in
an aggregate principal XS1718488064
amount of /171848806 US$20,000,000 6.67% US$278,400,000
US$300,000,000 due
2020
7.75% Senior Notes in
an aggregate principal XS1567240418
amount of /156724041 US$34,000,000 11.33% US$224,800,000
US$300,000,000 due
2021
14.2% Senior Notes in
an aggregate principal
amount of XS1943449022
US$300,000,000 /194344902 US$38,000,000 12.67% US$254,000,000
(including
US$100,000,000 tap
issue) due 2021
14.5% Senior Notes in
an aggregate principal XS2176792658
amount of /217679265 US$500,000 0.17% US$299,500,000
US$300,000,000 due
2023
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.
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: [email protected]
The Blueshirt Group
Ms. Susie Wang
Mobile: +86 (138) 1081-7475
Email: [email protected]
In the United States:
The Blueshirt Group
Ms. Julia Qian
Email: [email protected]
