BEIJING, Oct. 10, 2016 /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 Xinyuan (China) Real Estate, Ltd. (the "Issuer"), the
Company's wholly-owned subsidiary that targets the development of
residential properties in China,
has received approval from the Shanghai Stock Exchange to issue up
to RMB4.0 billion (approximately
$600 million) non-public onshore
corporate bonds (the "Bonds") to qualified investors in
tranches.
The Issuer recently completed the issue of the first tranche of
the non-public onshore corporate bonds (the "First Non-Public
Tranche Bonds") of RMB1.5 billion
(approximately US$225 million) with a
coupon rate of 7.5%. The First Non-Public Tranche Bonds have a term
of three years. The Issuer has the right to adjust the coupon rate
and the investors have the right to require the Issuer to
repurchase the First Non-Public Tranche Bonds at the end of the
first year and the second year. Zhong De Securities and China
Securities Co., Ltd. are the underwriters for this bond issue.
The Bonds have not been registered under the U.S. Securities Act
of 1933 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 Bonds, nor a
solicitation for an offer to purchase the Bonds in the U.S. or any
other 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 recently in other countries. In
China, the Company 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. The Company 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.
Safe Harbor Statement
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 potential issuances of the Bonds, among others. No
assurance can be given that the Bond issuances will be completed at
all. Completion of the Bond issuances and the application of net
proceeds, are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth
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, 2015. 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:
Xinyuan Real Estate Co., Ltd.
Ms. May Shen
Investor Relations Director
Tel: +86 (10) 8588-9376
Email: irteam@xyre.com
ICR, LLC
Investors:
William Zima
In U.S.: +1-646-308-1472
In China: +86 (10) 6583 7511
Email: William.zima@icrinc.com
Media:
Edmond Lococo
In China: +86 (10) 6583-7510
Email: Edmond.Lococo@icrinc.com
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SOURCE Xinyuan Real Estate Co., Ltd.