Xinyuan Real Estate Co., Ltd. Announces Issuance of US$300 million of 14.5% Senior Notes Due 2023

prnewswire | September 18, 2020

Xinyuan Real Estate Co., Ltd. , 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$300 million in aggregate principal amount of 14.5% senior notes due 2023 (the "Notes"). The Notes are listed on the Singapore Exchange and were issued at the price of 100% plus accrued interest. The notes bear interest at a rate of 14.5% per annum.   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.

Spotlight

Jan. 26 -- Spencer Rascoff, chief executive officer at Zillow, explains changes to the home buying market and looks at any lingering effects from the financial crisis. He speaks on "Bloomberg Surveillance.

Spotlight

Jan. 26 -- Spencer Rascoff, chief executive officer at Zillow, explains changes to the home buying market and looks at any lingering effects from the financial crisis. He speaks on "Bloomberg Surveillance.

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